Interstate Hotels & Resorts Continues to Grow its Portfolio in India on Strong Third-Party Management Platform
"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."