Development Pipeline Scheduled for 2021

Le Meridien Hotel Orange County

Interstate Announces Partnership with SCG America to Open Le Meridian Hotel in Orange County, CA

Following a signing ceremony that took place yesterday, Interstate Hotels & Resorts today announced its executed management agreement with New York City-based SCG America (SCGA) - the company leading the development of a new Le Méridien hotel in Orange County, California. Construction is anticipated to commence Q3 of 2019 with the hotel slated to open in 2021. This latest management contract is part of the company's strategy to grow its high-end hotel portfolio and follows news of Interstate's two Westin hotel additions (Alexandria and Portland, Maine) and the historic Hill Top House Hotel luxury destination retreat project in Harpers Ferry, West Virginia.

"Our goal from day one, upon selecting the global lifestyle Le Méridien brand, was to ensure that we chose the most respected, quality service and product-oriented operator that can deliver on our promise," said Winfred Zhang, president and CEO of SCG America.

"We are honored to be working with SCG America to open a Le Méridien hotel, a project that will inject vibrancy into the California hospitality scene," said Michael J. Deitemeyer, president and CEO of Interstate Hotels & Resorts. "Partnering with incredible brands like Le Méridien and quality developers like SCGA furthers the momentum of where Interstate is headed."

Inspired by the brand's French heritage - born in 1960s Paris during an era of glamorous travel, the new Le Méridien hotel will feature approximately 400 mid-century modern designed guestrooms and suites as well as the brand's innovative signature lobby concept that transforms the traditional lobby into a communal coffee house atmosphere by day and sophisticated cocktail lounge by night. Echoing the brand's distinctly European spirit of savouring the good life, the hotel also features a signature restaurant and rooftop bar, well-equipped fitness centre, swimming pool, on-site spa, and 39,000 sq. ft. of meeting and event space ideal for convention business, leisure and group travel.

In addition to Le Méridien, Interstate Hotels & Resorts is accelerating with a global outlook and a robust mix of projects in the pipeline. Interstate's depth of experience across all lodging segments and asset classes drives results in each of its managed hotels worldwide.

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Born in 1960s Paris during an era of glamorous travel, Le Méridien Hotels & Resorts continues to celebrate cultures around the world through the distinctly European spirit of savouring the good life. With over 100 hotels and resorts in 30+ countries and territories, spanning from Mauritius to Monaco and from Santa Monica to Sichuan, Le Méridien’s engaging mid-century designed spaces coupled with chic signature programmes put a playful...

Marriott International, Inc., (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,200 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program.

Aimbridge Hospitality EMEA is a division of Aimbridge Hospitality, a leading U.S.-based global hotel management company. Thousands of hotel owners, developers, and guests have discovered the Aimbridge difference in our portfolio of hotels in the UK, Ireland and Europe, alongside the global 1,500-property portfolio managed by our U.S. based division.