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Interstate Hotels & Resorts Opens Third Netherlands Hotel

6/7/2012

ARLINGTON, Va.—Interstate Hotels & Resorts 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.

“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, in an announcement. “These nine hotels will give us a significant market presence in this vibrant country and we look forward to continuing our partnership with TVHG.”

The Holiday Inn Express Amsterdam South features a lobby bar, complimentary continental breakfast buffet and complimentary kosher breakfast, 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."

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