Two new hotel management contracts have been announced by US company Interstate Hotels & Resorts.
The hotel management organisation will now manage Leicester's ibis budget Hotel and Derby's ibis budget Hotel. Both are mid-tier venues, the former with 73 rooms, the latter with 81. The two hotels are near the city centres in their respective locations.
The news means Interstate Hotels & Resorts' portfolio in the UK will grow by 154 rooms – with a total of 49 hotels managed. The company is seeing rapid expansion in this part of the world.
It's chief executive officer, Jim Abrahamson, has commented: "Our confidence in the outlook for the UK hotel management sector is evident by Interstate’s active pursuit of further expansion opportunities within the UK throughout 2014."
He said that transaction activity within the markets in question is expanding, and that his company looks forward to using its "expansive bench strength, exceptional executives and strong leadership team in the UK to further enhance hotel owner opportunities, producing strong results worldwide.”
Interstate's portfolio in the UK involves franchise contracts with the likes of Hilton Worldwide and InterContinental. It also manages several independent venues.
Of the latest management deals, UK managing director Robert Crook commented: “Securing our management for these two attractive, centrally-located ibis budget hotels will add to Interstate’s UK portfolio of full and select service branded hotels, including some independent brands.”
He explained the new management wins come after a Quality Hotel was rebranded as Holiday Inn Express Edinburgh Airport – a move that followed an investment of several million pounds.
Interstate is the USA's leading hotel management company. The company and its affiliates have a North American, European and Asia-Pacific portfolio featuring 390 hotels, in which there are over 73,000 guest rooms.
Worldwide, 30 hotels currently being constructed or developed are set to be managed by Interstate through deals it has struck, meanwhile.
Berkeley Scott is a specialist recruitment agency providing hospitality employment solutions