Jim AbrahamsonInterstate Hotels & Resorts – a leading U.S.-based global hotel management company – announced CEO Jim Abrahamson has been named Chairman of the Board, effective October 25th, in a move that serves to enhance and expand its executive leadership team. At the same time, the Company announced that it has retained Spencer Stuart to conduct a search for its next CEO. Abrahamson will serve as both the Company’s Chairman and CEO until a new one has been appointed. The new CEO position is anticipated to be filled early 2017, at which time Abrahamson will continue to serve as Chairman of Interstate. Current Chairman Jonathan Ward stated, “We are delighted with our recent investment in Interstate and view this seamless transition as a compliment to Jim and his executive team on a job well done. Their work in completing the recent transaction by Kohlberg & Company, and positioning Interstate to serve our owners will continue to enhance our position as the leading, value-added hotel management company in the industry.” Ward will continue to serve as a Director of Interstate. Abrahamson will continue to be active in the hospitality and service industry, including acting as Chairman of AH&LA and other corporate board positions. Prior to joining Interstate in 2011, he acted as president of the Americas for Intercontinental Hotel Group (IHG). He previously held senior leadership positions in operations, franchising and development with Hyatt Corporation, Marcus Corporation and Hilton Worldwide. He has been recognized as an outstanding hospitality leader of the year in 2013 by Penn State University and by UJA New York City.