Interstate Hotels & Resorts Announces 10th Management Agreement in China
Extends China Hotel Portfolio with Appointment to Manage Jiaxing Jin Jiang Xiang Jiadang Lake Hotel
Interstate Hotels & Resorts today announced that Interstate China has signed an agreement to manage the 396-room Jiaxing Jin Jiang Xiang Jiadang Lake Hotel, its 10th managed or signed hotel in China. The Jiaxing hotel is anticipated to open in 2013 and is the third Jin Jiang branded hotel managed by Interstate China. Interstate China Hotels & Resorts Company Limited (“Interstate China”) is a joint venture between Interstate Hotels & Resorts and...
ARLINGTON, Va. -- Interstate Hotels & Resorts today announced that Interstate China has signed an agreement to manage the 396-room Jiaxing Jin Jiang Xiang Jiadang Lake Hotel, its 10th managed or signed hotel in China. The Jiaxing hotel is anticipated to open in 2013 and is the third Jin Jiang branded hotel managed by Interstate China. Interstate China Hotels & Resorts Company Limited (“Interstate China”) is a joint venture between Interstate Hotels & Resorts and Shanghai Jin Jiang International Hotels Company Limited (“Jin Jiang Hotels”), China’s leading hotel operator and developer.
“Since launching Interstate China in 2010 with our joint venture partner, Jin Jiang Hotels, we have built a solid pipeline of management agreements,” said Jim Abrahamson, Interstate’s chief executive officer. “This latest addition to our growing portfolio demonstrates the benefit that a world-class, proven hotel management company led by experienced operators can offer to hotel owners and developers around the world.”
The 396-room Jiaxing Jin Jiang Xiang Jiadang Lake Hotel is located in northeast part of Jiaxing in Zhejiang Province, about one hour’s drive from Shanghai, and is being built in a resort setting along Xiang Jiadang Lake. The hotel will have extensive meeting and conference facilities with nearly 26,000 square feet of flexible meeting and banquet space. The hotel also will include individual two-story villas to receive visiting dignitaries. Other hotel facilities include a western restaurant, Chinese restaurant, spa, fitness center, swimming pool and cigar bar.
Interstate China also operates five-star hotels in Beijing, Wuhan and Shanghai. The company also has been selected to manage the luxury J Hotel at Shanghai Tower, anticipated to be China’s tallest hotel when it opens in 2015, as well the Citic Pacific Zhujiajiao Floating Hotel in Qingpu near Shanghai scheduled to open in 2013.
Shanghai-based Interstate China Hotels & Resorts, a joint venture between Interstate Hotels & Resorts and Jin Jiang Hotels, was established in 2010 to pioneer hotel management operations across China. The Company’s management platform provides hotel owners and developers with the resources and economies of scale necessary for world-class operations of franchised hotels under leading international brands and landmark independent hotels. Over 50 years of world-class management experience and proven success for owners enable Interstate China to instill international hotel management policies, procedures and systems into China's market. Interstate China’s goal is aligned with owners’ goals to enhance their bottom line profitability and their ROI. Currently, Interstate China has ten managed and signed hotels with more than 3,700 rooms throughout the country. For more information about Interstate China Hotels & Resorts, please visit
Shanghai Jin Jiang International Hotels (Group) Company Limited (“Jin Jiang Hotels”) is one of the leading hotel operators and managers in China. Jin Jiang Hotels is licensed to use the well-regarded “Jin Jiang” and “Jin Jiang Inn” brand. As at the end of 2011, Jin Jiang Hotels owned and managed 858 Star-rated hotels and Budget hotels in China with in China with over 123,000 rooms either in operation or under development, spanning across more than 190 cities in 31 provinces, autonomous regions and municipalities in China. The Group was ranked 12th in the world in terms of number of rooms as at the end of 2010 according to HOTELS Magazine, the official publication of the International Hotel & Restaurant Association.
Interstate Hotels & Resorts, Inc., a wholly-owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the leading U.S.-based global hotel management company, operating branded full- and select-service hotels and resorts, conference centers and independent hotels worldwide. Interstate and its affiliates manage and/or have ownership interests in nearly 400 hotels with more than 70,000 rooms in North America, Europe and Asia-Pacific. The Company has ownership in 58 of those hotels, including six wholly owned hotels. In addition, Interstate has executed agreements to manage 45 hotels with more than 8,300 rooms under construction or development throughout the world.