Interstate Hotels & Resorts announced today the acquisition of the management agreements of Rim Hospitality, a hotel management company in North America. Interstate will create a Rim Hospitality Division with a dedicated team based out of Rim’s Newport Beach headquarters to manage the acquired portfolio. Strengthening Interstate’s West Coast presence, the transaction increases the depth of independent boutique and branded hotels in its collection, including hotels from brands such as Marriott, Hilton, and Starwood. The acquisition adds nearly 70 hotels with more than 10,600 rooms. Read the full release over at Interstate.
