Industry Update
Press Release 5 January 2012

Interstate Hotels & Resorts Signs Management Agreement for 473-room Pheasant Run Resort near Chicago, Illinois

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Interstate Hotels & Resorts (Merged Meristar & Interstate)

ARLINGTON, Va. & CHICAGO -- Interstate Hotels & Resorts, the largest U.S.-based global hotel management company, today announced that it has entered into an agreement to manage the landmark 473-room Pheasant Run Resort, located just west of Chicago in historic St. Charles, Ill. The transition of operations, effective January 6, 2012, is expected to be seamless, with no interruption of services to guests.

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“We look forward to having Interstate Hotels & Resorts as manager of Pheasant Run,” said David A. McArdle, president of Oakbrook Companies. “Interstate’s experience in operating large resorts and convention hotels will be key to increasing sales and building on the resort’s 50 years of hospitality excellence.”

Nestled on a 250-acre setting in the scenic Fox River Valley, the Chicagoland hotel is easily accessible from both Chicago O’Hare International and Midway airports and is located near Dupage Airport. Accommodations range from spacious courtyard rooms with expansive views to lavish penthouse level suites and two-story whirlpool suites. The resort features a number of unique amenities, including Zanies Comedy Club, two theaters and five dining options, from casual to upscale, as well as more than 100,000 square feet of meeting space. Additionally, guests can enjoy Mario Tricoci Hair Salons & Day Spas and 36 holes of golf on two award-winning courses.

About Interstate Hotels & Resorts

Interstate Hotels & Resorts, Inc., a wholly-owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the United States’ leading hotel management company, operating branded, full- and select-service hotels and resorts, conference centers and independent hotels worldwide. The company and its affiliates manage and/or have ownership interests in nearly 400 hotels, with more than 70,000 rooms in 40 states, the District of Columbia, China, Russia, India, Mexico, Belgium, Canada, Ireland, England and the Netherlands. The company has ownership in 57 of those hotels, including six wholly owned assets. Interstate Hotels & Resorts also has executed agreements for 25 hotels with more than 5,100 rooms under construction or development throughout the world.

For nearly two decades, Interstate Hotels & Resorts has been operating hotels outside of the United States. The company’s global hotel management platforms in Western Europe, Russia, India and China provide the resources and infrastructure necessary for comprehensive hotel management operations, sales and marketing, revenue management, e-commerce, procurement, food and beverage operations and technical services for hotel owners and developers seeking a proven and experienced hotel management company.

For additional information about Interstate, visit the company’s website: .

Contact
Carrie McIntyre
Phone: +1-703-387-3320
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