IHR Interstate Hotels & Resorts,

ARLINGTON, Va., Nov. 15 /PRNewswire-FirstCall/ -- Interstate Hotels & Resorts (NYSE:IHR), a leading hotel real estate investor and one of the nation's largest independent operators of full and select-service hotels, today announced that the company has signed management agreements with affiliates of Inland American Lodging Corporation for nine hotels recently acquired by Inland American Real Estate Trust, Inc. Interstate assumed management of the hotels today. The nine properties are: Property Rooms Location Courtyard by Marriott - Westchase 153 Houston, Texas Residence Inn by Marriott - West University 120 Houston, Texas Courtyard by Marriott - West University 100 Houston, Texas Residence Inn by Marriott - Park Central 139 Dallas, Texas Courtyard by Marriott - Ft. Worth West Lands End 92 Dallas, Texas Residence Inn by Marriott - Dallas Ft. Worth Airport North 100 Dallas, Texas Residence Inn by Marriott - Brownsville 102 Brownsville, Texas Courtyard by Marriott - Harlingen 114 Harlingen, Texas Residence Inn by Marriott - Williams Centre 120 Tucson, Ariz. Total: 1,040 "These are our first contracts with Inland American, which recently has been one of the industry's most active buyers of hotel real estate," said Thomas F. Hewitt, Interstate's chief executive officer. "The hotels are in excellent physical condition and in strong markets. We believe we can add value through our in-depth knowledge and expertise in these markets, through the implementation of our proprietary management and marketing systems and by taking advantage of our size and economies of scale. We look forward to exploring other opportunities with Inland American." "We reviewed several management companies, and Interstate was a compelling choice for a variety of reasons," said Craig Lambert, senior vice president of asset management of Inland American Lodging Corporation. "They have significant management expertise and a proven track record, both nationally and in the Texas markets. Interstate has strong existing relationships with our hotel brand companies, and a results-oriented, hands-on management team. We anticipate a seamless transition." About Inland American Lodging Corporation Inland American Lodging Corporation, headquartered in Orlando, Florida, is focused on the acquisition and asset management of strategic urban lodging assets with strong industry brands and independent management companies. About Inland American Real Estate Trust, Inc. Inland American Real Estate Trust, Inc. is a publicly registered non- listed real estate investment trust focused on the acquisition, development and management of a diversified portfolio, including retail, office, multi- family, industrial/distribution properties and lodging facilities, located in the United States and Canada. As of September 30, 2007, Inland American's consolidated portfolio, owned directly or indirectly, totaled 399 properties, encompassing 31.5 million square feet of leasable space, four undeveloped parcels of land totaling 55.3 acres, and 48 lodging properties representing 6,643 rooms. Inland American is one of four REITs that are, or have been, sponsored by affiliates of The Inland Real Estate Group of Companies, Inc. For further information regarding Inland American, please refer to the company website at http://www.inland-american.com/. About Interstate As of October 31, 2007, Interstate Hotels & Resorts owned or had a minority ownership interest in 26 hotels and resorts. Together with these properties, the company and its affiliates manage a total of 183 hospitality properties with more than 42,000 rooms in 36 states, the District of Columbia, Belgium, Canada, Ireland, Mexico and Russia. Interstate Hotels & Resorts also has contracts to manage 15 hospitality properties with approximately 4,400 rooms currently under construction. 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 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/ http://www.inland-american.com/

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