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Interstate Hotels & Resorts Named by Inland American Lodging Corporation to Manage Nine U.S. Hotels

2007-11-16

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Interstate Hotels & Resorts (NYSE:IHR) 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."

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