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Interstate Hotels & Resorts in a Joint Venture with JHM Hotels
to Operate Two New Hotels in India
The 63-room Rajasthali Resort & Spa in Jaipur and
the 145-room Ramada Amritsar in Amritsar
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News for the Hospitality Executive |
ARLINGTON, Va., July 28, 2011—Interstate Hotels & Resorts, the United States’ largest independent hotel management company, today announced that JHM Interstate Hotels India, a 50/50 joint venture management company between Interstate and JHM Hotels, has signed contracts to operate two more hotels in India that are expected to open this year: the Rajasthali Resort & Spa in Jaipur, developed by Mr. Girish Chand Agarwal, chairman and managing director of Puja Construction Limited, a Jaipur-based real estate development company; and the Ramada Amritsar, owned by Gurgaon-based Starex Developers Private Limited and led by Chairman Mohinder Singh. “This brings to five the number of hotel management contracts executed since we launched our third-party management platform in India,” said Thomas F. Hewitt, Interstate’s chairman and chief executive officer. “Our business model, focused on local contacts and in-country experience, has translated well to India and enabled us to establish a strong operating platform there. JHM Interstate India opened and currently operates three hotels in the country, and we have developed a robust pipeline of third-party management opportunities to continue our vigorous growth in 2011 and beyond.”  Rajasthali Resort & Spa The 145-room Ramada Amritsar is the first hotel project for Starex Developers Private Limited. Scheduled to open in October, the five-story hotel, located in the heart of the old city and inside the historic Hall Gate, will be the closest branded hotel to the famous Golden Temple. This central location is approximately a 30 minute drive from the airport and 15 minutes from the railway station. Hotel amenities will include a full-service restaurant, serving both continental and regional specialties, complimentary high-speed Internet access, fitness center, rooftop pool and spa, ancillary retail and approximately 3,000 square feet of function space. About JHM Interstate Hotels India Pvt. Ltd. JHM Interstate Hotels India Pvt. Ltd is a 50/50 joint venture partnership formed in 2008 between Interstate Hotels & Resorts, Inc. and JHM Hotels. It is headquartered near New Delhi, India, with a fully staffed Resource Center in Gurgaon, Haryana. The management team in Gurgaon provides expertise in all aspects of hotel operations including sales and marketing, food and beverage, information technology, human resources, construction and design, finance and quality assurance. For more information, contact Lloyd Lauland, Executive Director, JHM Interstate Hotels India, at 91 124 3091700, or visit the company’s website: www.jhminterstate.com About JHM Hotels JHM Hotels, Inc., a premier lodging company based in Greenville S.C., with offices in Mumbai and Surat, India, has developed, acquired, owned and operated hotels throughout the United States for more than 36 years. The company currently owns and operates 43 U.S. hotels with more than 7,500 guestrooms, operating under such well-known brands as Marriott, Hilton, Starwood and Hyatt. For more information about JHM Hotels, visit the company’s website: www.jhmhotels.com. About Interstate Hotels & Resorts Interstate Hotels & Resorts, Inc., a wholly owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the United States’ largest independent hotel management company based on revenue managed. The company and its affiliates manage and/or have ownership interests in 329 properties with more than 60,000 rooms in 39 states, the District of Columbia, China, Russia, India, Mexico, Belgium, Canada, Ireland and England. The company has ownership interests in 56 of those properties, including six wholly owned assets. Interstate Hotels & Resorts also has executed agreements for 18 hotels with over 3,700 rooms under construction or development throughout the world. Additional information about Interstate is available at the company’s website: www.ihrco.com. |
| Contact:
Jerry
Daly, Carol McCune Carrie
McIntyre |