Cerberus Capital Management and Interstate Hotels & Resorts Sign Management Deal for 18 UK Hotels
Interstate Hotels & Resorts – the leading global hotel management company – today announced the signing of 18 management agreements for a portfolio of U.K. hotels owned by an affiliate of Cerberus Capital Management. With these additions to its managed portfolio, Interstate continues to expand its regional presence and strengthen its offering, creating tailored management solutions to improve owners' profitability. Based in Birmingham, England, Interstate's U.K. division now comprises 59 hotels, including signed pipeline, throughout the United Kingdom.