Interstate Hotels & Resorts to Acquire Seventh Wholly-Owned Hotel
ARLINGTON, Va., Interstate Hotels & Resorts (NYSE:IHR) , one of the nation’s largest independent hotel management companies, today announced the formation of a joint venture partnership with Investcorp International’s U.S. based Real Estate Group. The partnership, along with Interstate, have agreed to acquire three hotels from affiliates of The Blackstone Group L.P. for an aggregate price of …