The U.S.-based global hotel management company announced the acquisition of the management agreements of Rim Hospitality, an hotel management company in North America.
Interstate Hotels & Resorts announced the acquisition of the management agreements of Rim Hospitality, an hotel management company in North America. Interstate will create a Rim Hospitality Division with a dedicated team based out of Rim's Newport Beach headquarters to manage the acquired portfolio.
Strengthening Interstate's West Coast presence, the transaction increases the depth of independent boutique and branded hotels in its robust collection, including hotels from renowned brands such as Marriott, Hilton and Starwood. The acquisition adds nearly 70 high quality hotels with more than 10,600 rooms.
"Rim Hospitality brings a portfolio of high quality independent and branded, full- and select-service hotels, outstanding operating talent, and diverse client base to Interstate," said Jim Abrahamson, chief executive officer of Interstate. "We're excited to work with the strong leadership and talent of Rim. Enhancing our domestic portfolio with a heavy West Coast focus, complimented by remarkable operations, development and finance professionals, we are confident we will continue to deliver exceptional service to guests and outstanding returns to owners."
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