Interstate’s European plan in full growth mode | hotelnewsnow.com
The growth of hotel franchising around the world has been a boon to Interstate Hotels & Resorts. CEO Jim Abrahamson expects that to continue as Arlington, Virginia-based Interstate is looking to manage 800 hotels at some point in the not-too-distant future. Regardless of the region, Interstate—the world’s largest third-party management company—prefers to do business where there is density of hotels and where franchising is the preferred model.