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IHR's portfolio includes six wholly-owned properties and 20 properties with a minority ownership interest through 13 separate joint ventures. In addition, the company has contracts to manage 16 hospitality properties with more than 4,600 rooms under development.¹

The company operates hotels for REITs, such as Equity Inns and Sunstone Hotel Investors, as well as other institutional real estate owners, non-institutional ownership groups, and privately held companies, such as the Blackstone Group.

While hotel management remains our core business, Interstate has embarked on a strategic growth plan that complements and supplements hotel management services with real estate ownership through joint ventures and wholly-owned hotels. Currently, Interstate has six wholly-owned hotels and has acquired joint venture interests in 20 properties.

With over 45 years of experience managing hotels, resorts, conference centers and condominium hotels, Interstate is a proven choice among hotel operators. It is the unique ability to combine our extensive resources and unparalleled depth with responsiveness and dexterity that allow our hotels to succeed in any marketplace.

Interstate is able to obtain economies of scale that help lower overall operating costs and improve the bottom line performance of our managed hotels. Our comprehensive resources include: sales and marketing, revenue management, information technology and systems support, rooms operations, food and beverage, accounting and finance, human resources, training and support, purchasing and procurement, risk management and insurance, concept planning and development, design and construction, legal, investment analysis, and capital markets.

¹As of August 31, 2007.