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Most locales operate under Hilton, Starwood and Marriott flags
Interstate Hotels & Resorts, the largest independent hotel management company in the U.S., has signed agreements to manage 13 hotels recently acquired by affiliates of The Blackstone Group, a global alternative investment management firm. The upscale, full-service properties are located in major urban markets and primarily include properties that were recently renovated and rebranded under Hilton, Starwood and Marriott flags.
“This brings to 21 the number of properties we manage for affiliates of The Blackstone Group and continues a relationship that began in 2006,” said Thomas Hewitt, Interstate's ceo. “The selection of Interstate to manage these properties underscores Blackstone's confidence in our continued ability to deliver a better bottom line at major urban properties in any economic climate.”
The 13 properties involved in the latest transaction are:
* Sheraton Philadelphia City Center Hotel (757 rooms)
* Westin New Orleans Canal Place (438)
* Westin Washington D.C. City Center (406)
* Westin San Diego (436)
* Sheraton Baltimore City Center Hotel (706)
*The Buttes, A Marriott Resort, Tempe, Ariz. (353)
* Wyndham Chicago Downtown (417)
* Westin Chicago Northwest (408)
* Hilton Fort Lauderdale Airport (388)
* Hilton Burlington, Vermont (257)
* Westin Harbour Island, Tampa, Fla. (299)
* Marriott Atlanta Downtown (313)
* Westin Bristol Place Airport, Toronto (288)
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