Interstate Hotels & Resorts Opens Third Netherlands Hotel

Interstate Hotels & Resorts today announced the opening of the 80-room Holiday Inn Express Amsterdam-South effective June 1. The hotel is the third of a nine-hotel portfolio currently being developed across the Netherlands. As previously announced, the portfolio is jointly owned by Interstate and TVHG Budget Group Beheer BV (TVHG) and operated by Interstate Hotels & Resorts under long-term contracts.

Interstate Hotels & Resorts today announced the opening of the 80-room Holiday Inn Express Amsterdam-South effective June 1. The hotel is the third of a nine-hotel portfolio currently being developed across the Netherlands. As previously announced, the portfolio is jointly owned by Interstate and TVHG Budget Group Beheer BV (TVHG) and operated by Interstate Hotels & Resorts under long-term contracts.

"We see numerous opportunities to expand our hotel portfolio in Europe, operating both premium branded hotels and luxury independent hotels and resorts as well."

"Europe is a significant part of our strategic growth plan and this partnership with TVHG demonstrates our commitment to the region, particularly with well-regarded local partners," said Jim Abrahamson, Interstate"s chief executive officer. "These nine hotels will give us a significant market presence in this vibrant country and we look forward to continuing our partnership with TVHG."

Located in Amsterdam"s financial district with tram and bus stops at the door, the Holiday Inn Express Amsterdam South is convenient to the VU Medical Center and the RAI Congress Center. The hotel is proximate to the A-10 loop making Amsterdam"s main attractions, including the Rijksmuseum, the Van Gogh Museum and Ann Frank House, easily accessible to leisure travelers. Hotel amenities include a lobby bar, complimentary continental breakfast buffet and complimentary kosher breakfast. The hotel also provides special Shabbat amenities, complimentary Wi-Fi, and each room is equipped with LCD satellite TV.

"Due to our long and strong relationships with the world"s leading brands, and our nearly 20 year successful track record in Europe, we are able to bring significant advantages to hotel owners and developers seeking to invest in the region. This hotel is our third Holiday Inn branded hotel opened in Amsterdam within the last 14 months," said Leslie Ng, Interstate"s chief investment officer. "We see numerous opportunities to expand our hotel portfolio in Europe, operating both premium branded hotels and luxury independent hotels and resorts as well."

About TVHG Budget Group Beheer BV

Based in the Netherlands, The Vincent Hotel Group has been active for over 15 years in the ownership and development of hotels in Europe, with a strong emphasis on its home market, the Netherlands. The Radisson Blu Amsterdam Airport was followed by many other successful transactions completed by the TVHG team. Today the company has active developments with Accor, IHG, Hilton, Marriott and Starwood. For more information please call +31 20 301 22 55.

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 Europe The Netherlands

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.