Interstate Hotels & Resorts Signs Management Contracts for Two Holiday Inn Hotels in Moscow
2007年4月16日 - 10:58PM
PRニュース・ワイアー (英語)
Company Adds Sixth and Seventh Hotel to Moscow Management Portfolio
ARLINGTON, Va., April 16 /PRNewswire-FirstCall/ -- Interstate
Hotels & Resorts (NYSE:IHR), one of the nation's largest
independent hotel management companies, today announced that the
company has been selected to manage two Holiday Inn hotels in
downtown Moscow, Russia: the 301-room Holiday Inn Moscow Lesnaya
Hotel and the 312-room Holiday Inn Moscow Suschevsky Hotel. Both
properties are owned by Mospromstoi, a major, Moscow-based
construction and hotel ownership company. "These two contracts
represent our sixth and seventh hotel in Moscow, where we have
established a major management presence, and bring our total number
of management contracts in Europe to nine," said Thomas F. Hewitt,
Interstate's chief executive officer. "We now have six hotels under
contracts with Mospromstoi, and we look forward to continuing our
relationship." "We recently opened a branch office in Moscow with
an executive team that provides the kind of hands-on, personalized
service no other management company can match," said Henry L.
(Hank) Ciaffone, president of international operations and
development at Interstate. "We continue to seek opportunities to
expand our operations in Russia and throughout Europe. We remain
focused on first-class, full-service and select-service hotels
affiliated with top- quality, internationally known brands like
Marriott, Starwood, Holiday Inn and Hilton, as well as independent
hotels and resorts." Holiday Inn Moscow Lesnaya Hotel Built in
2005, the Holiday Inn Moscow Lesnaya Hotel is located in the
downtown area right off the central Tverskaya-Yamskaya street,
within a 45- minute drive of the Moscow International Airport
Sheremetyevo. The major tourist attractions of the city - the
Kremlin, Red Square, St. Basil's Cathedral and the Bolshoi Theatre
- are a 10-minute drive from the hotel. The hotel features 301
rooms, including suites and executive floor rooms; all-day dining
at the Red & White bar and restaurant serving international
cuisine; 24-hour room service; 8,000 square feet of meeting space
that can accommodate groups of up to 460; business center; and mini
gym. Holiday Inn Moscow Suschevsky Hotel The Holiday Inn Moscow
Suschevsky Hotel was opened in 2006 and is located in one of the
central business areas of Moscow. The hotel is a short drive from
the city's major tourist attractions and 30 minutes from the Moscow
International Airport Sheremetyevo. The hotel offers 312 guest
rooms, including suites and executive floor rooms; the Fleur Cafe
bar and restaurant serving international cuisine; 24- hour room
service; six meeting rooms totaling 6,300 square feet of space with
a maximum capacity of 350, reception-style; business center; and
mini gym. About Interstate As of March 31, 2007, Interstate Hotels
& Resorts operated 207 hospitality properties with more than
47,000 rooms in 36 states, the District of Columbia, Belgium,
Canada, and Russia. In addition, Interstate Hotels & Resorts
has contracts to manage 15 hospitality properties with nearly 4,300
rooms currently under development. For more information about
Interstate Hotels & Resorts, visit the company's Web site:
http://www.ihrco.com/. This press release contains "forward-looking
statements," within the meaning of the Private Securities
Litigation Reform Act of 1995, about Interstate Hotels &
Resorts, including those statements regarding future operating
results and the timing and composition of revenues, among others,
and statements containing words such as "expects," "believes" or
"will," which indicate that those statements are forward-looking.
Except for historical information, the matters discussed in this
press release are forward-looking statements that are subject to
certain risks and uncertainties that could cause the actual results
to differ materially, including the volatility of the national
economy, economic conditions generally and the hotel and real
estate markets specifically, the war in Iraq, international and
geopolitical difficulties or health concerns, governmental actions,
legislative and regulatory changes, availability of debt and equity
capital, interest rates, competition, weather conditions or natural
disasters, supply and demand for lodging facilities in our current
and proposed market areas, and the company's ability to manage
integration and growth. Additional risks are discussed in
Interstate Hotels & Resorts' filings with the Securities and
Exchange Commission, including Interstate Hotels & Resorts'
annual report on Form 10-K as amended for the year ended December
31, 2006. Contact: Carrie McIntyre SVP, Treasurer (703) 387-3320
DATASOURCE: Interstate Hotels & Resorts CONTACT: Carrie
McIntyre, SVP, Treasurer, of Interstate Hotels & Resorts,
+1-703-387-3320 Web site: http://www.ihrco.com/
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