Interstate Hotels & Resorts Announces Sixth Management Contract in India
Adds Ramada Hotel in Alleppey, Kerala, to Growing Asia Pacific Portfolio
"This brings to six the number of hotels opened or signed in India, a country which continues to play a key role in our global strategy," said Thomas F. Hewitt, Interstate's chairman and chief executive officer. "We have established a successful platform for growth that allows us to take advantage of the many opportunities we continue to see in India's hotel industry for both individual hotel owners and institutional investors alike."
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 a contract to manage the Ramada Hotel in Alleppey, Kerala, India. The 120-room, under-construction hotel, which is owned by Mr. Reji Cheriyan, is anticipated to open in 2012.
"This brings to six the number of hotels opened or signed in India, a country which continues to play a key role in our global strategy," said Thomas F. Hewitt, Interstate's chairman and chief executive officer. "We have established a successful platform for growth that allows us to take advantage of the many opportunities we continue to see in India's hotel industry for both individual hotel owners and institutional investors alike."
"Our partnership with JHM Hotels combines Interstate's hotel operating expertise, strong relationships with all international brands and depth of resources with experienced, local ties and in-country market knowledge," said Jim Abrahamson, Interstate's president and COO. "We continue to build a robust pipeline of hotel management opportunities throughout the country, establishing a strong foundation for future expansion."
When open, the Ramada Hotel in Alleppey will be the first internationally branded hotel in the market. Located on Punnamada Finishing Point Road along Lake Punnamada, the under- construction Ramada Alleppey will feature a number of outlets including a rooftop restaurant and bar with stunning views of Kerala. Other facilities will include a health club/spa, a business center and state-of-the-art conferencing and meeting facilities. All guest rooms will overlook the picturesque lake and backwaters of Kerala, in addition to the finish line of the renown Nehru Trophy Boat Race held every year.
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 Aimbridge Hospitality EMEA
Aimbridge EMEA is the International Division of leading US-based global hotel management company, Aimbridge Hospitality. The Aimbridge Hospitality global portfolio, inclusive of managed and pipeline properties, includes approximately 1,500 hotels in 20 countries. The EMEA portfolio, inclusive of pipeline, is made up of 100+ properties. Brands managed by Aimbridge EMEA include Novotel, Adagio, Courtyard, Hilton Garden Inn, Hyatt Place, Radisson, Residence Inn, Staybridge, Mercure, Crowne Plaza, Hotel Indigo, Holiday Inn and Holiday Inn Express, Luxury Collection, Marriott, AC Hotels by Marriott, Hilton, Hampton by Hilton and ibis Hotels. Aimbridge EMEA's portfolio also comprises a number of independent hotels, restaurants and spa and health brands, including Marco Pierre White, Novelli at City Quays and Mamucium. For further information about Aimbridge EMEA visit www.aimbridgeEMEA.com.