Interstate Hotels & Resorts Announces Management Agreement for First Franchised DoubleTree by Hilton Hotel in China

Marks Continued Growth of Hotel Management Platform in China

Interstate Hotels & Resorts today announced that Interstate China has signed an agreement to manage the 850-room DoubleTree by Hilton Shanghai-Pudong, the first Hilton Worldwide-franchised hotel in China. The hotel, owned by Shanghai Jin Jiang International Hotels (Group) Co. Ltd., converted to the DoubleTree by Hilton Shanghai-Pudong on February 28, 2012 and will immediately begin a multi-million dollar comprehensive renovation to be completed...

Interstate Hotels & Resorts today announced that Interstate China has signed an agreement to manage the 850-room DoubleTree by Hilton Shanghai-Pudong, the first Hilton Worldwide-franchised hotel in China. The hotel, owned by Shanghai Jin Jiang International Hotels (Group) Co. Ltd., converted to the DoubleTree by Hilton Shanghai-Pudong on February 28, 2012 and will immediately begin a multi-million dollar comprehensive renovation to be completed in 2013.

"It is extremely gratifying to be the first hotel operator of a franchised DoubleTree by Hilton hotel in China"

"It is extremely gratifying to be the first hotel operator of a franchised DoubleTree by Hilton hotel in China," said Jim Abrahamson, Interstate's chief executive officer. "Interstate China, our joint venture with Jin Jiang Hotels, is a business model that we have successfully implemented in other regions globally. Interstate has a long history as a franchisee/operator in multiple countries. Our outstanding reputation as a quality operator of leading international brands and our highly experienced Interstate China executive team, combined with our depth of resources and scale, position us well for continued growth in China."

Formerly the Sofitel JJ Oriental Hotel, the two-tower, 850-room hotel is located in Shanghai's dynamic Pudong district, offering convenient access to Pudong International Airport and the Shanghai New International Exposition Center (SNIEC). Amenities include more than 16,000 square feet of flexible meeting and special event space, a fitness center, spa with men's and women's sauna and steam facilities, outdoor tennis courts, indoor swimming pool and extensive retail shops.

As part of the hotel's upcoming refurbishment program, a new 8,000 square foot ballroom will be constructed, while all food & beverage outlets, meeting and banquet space, and retail offerings will be re-designed and revitalized to meet the high quality standards and contemporary style of the DoubleTree by Hilton brand. For more information, visit the DoubleTree by Hilton Shanghai-Pudong's website: www.shangahaipudong.doubletree.com.

Interstate China Hotels & Resorts Company Limited ("Interstate China") is a joint venture between Interstate and Shanghai Jin Jiang International Hotels Company Limited ("Jin Jiang Hotels"), China's leading hotel operator and developer.

About Jin Jiang Hotels
Shanghai Jin Jiang International Hotels (Group) Company Limited is one of the leading hotel operators and managers in China. The Group is licensed to use the well-regarded "Jin Jiang" brand. Currently, over 650 hotels are under operation and development, including star-rated hotels and Jin Jiang Inn budget Hotels, providing over 100,000 rooms in the aggregate. With a solid home base in Shanghai and Beijing, the Group has also successfully spanned its hotel network across nearly 150 cities and towns in 31 provinces, autonomous regions, and municipalities throughout the PRC as of end of June 2010. In October 2010, the Group was ranked 13th in the world in terms of number of rooms according to HOTELS Magazine, the official publication of the International Hotel & Restaurant Association.

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.

General Management General Management Asia Pacific China Shanghai

Aimbridge Hospitality EMEA is a division of Aimbridge Hospitality, a leading U.S.-based global hotel management company. Thousands of hotel owners, developers, and guests have discovered the Aimbridge difference in our portfolio of hotels in the UK, Ireland and Europe, alongside the global 1,500-property portfolio managed by our U.S. based division.