Real EstateAcquisitionsInterstate and White Lodging Close Management Acquisition Deal

Interstate and White Lodging Close Management Acquisition Deal

ARLINGTON, Va.—Interstate Hotels & Resorts has closed a deal—first announced in December 2017—to acquire the management agreements for 82 premium-branded, select- and full-service hotels, plus one restaurant, from White Lodging. The deal is effective January 24, 2018.

“A transaction of this nature aligns well with our growth strategy and we’re excited with the direction this new expansion is taking us,” says Michael Deitemeyer, Interstate’s president and CEO. “We’ve gained high quality hotels under long-term management agreements, and increased our depth of talent with valued and experienced leadership teams.”

The deal’s closing marks the largest single-day transition for the U.S.-based global hotel management company, adding 2,500 new associates, 78 select-service properties, and four full-service properties under lodging brands including Marriott, Hyatt, and Hilton to Interstate’s portfolio.

 

Photo: Mike Deitemeyer, president and CEO of Interstate Hotels & Resorts

 

RELATED ARTICLES

Henderson Beach Resort Announces Opening of Primrose Coastal Italian

DESTIN, Florida—Henderson Beach Resort announced the official opening of Primrose Coastal Italian, its signature restaurant led by executive chef Scott Plumley. Now open to...

JLL Announces Sale of Clarion Hotel Airport in Portland, Maine

BOSTON, Massachusetts—JLL’s Hotels & Hospitality Group announced the sale of the Clarion Hotel Airport, a 149-room full-service hotel in Portland, Maine. JLL represented the...

Tech Talk: International Hospitality Technology Hall of Fame Inductee Luis Segredo on Driving Innovation

LODGING recently spoke with 2025 International Hospitality Technology Hall of Fame inductee Luis Segredo, CEO of Hapi (Hotel API) and Data Travel, LLC, which...

Short-Term Restraint: Understanding the Effect of Federal Policy Changes on Lodging Demand 

Predicting future demand for the U.S. lodging industry is challenging even in stable economic times. The factors that drive hotel demand are varied and...

The Highland Dallas Completes Renovation

DALLAS, Texas—The Highland Dallas announced the completion of its renovation, which was led by interior design firm BAMO, Inc. The redesign updated the hotel’s guestrooms, lobby,...

Access Point Financial Provides Refinancing of Four-Hotel Portfolio

ATLANTA, Georgia—Officials of Access Point Financial (APF) announced that the company has directly provided a $55 million loan to H&S Properties Development Corp. to refinance...