Interstate Hotels & Resorts announced the addition of three new hotels to its international portfolio, including the Company's first entry into Germany. Building upon global relationships, the Company will manage the hotels with development and lease partner Odyssey Hotel Group, based in the Netherlands, with continued expansion potential for Germany, Netherlands and other Western European countries.
The three hotels are Glow Hotel Eindhoven and Hotel Nassau Breda, Autograph Collection in The Netherlands; and the under-construction AC by Marriott Hotel in Mainz, Germany, anticipated to open August 2016.
"Our confidence in entering these markets is heightened by our partnership with Odyssey Hotel Group, and it is rewarding to see our portfolio grow in this region through a new relationship with an exceptional developer and lease partner," said Jim Abrahamson, chief executive officer of Interstate Hotels & Resorts. "Building trusted relationships through our breadth of experience and depth of resources, Interstate is strategically broadening our geographic portfolio with proven performance and an incomparable level of global diversity."
With 55 years of experience globally and more than 20 years in Europe, Interstate's European-based hotel management platform includes more than 75 hotels currently under management in nine countries.
"It is gratifying to develop a strategic alliance with Odyssey Hotel Group," said Aaron Greenman, Interstate's executive vice president, development and acquisitions for Europe. "We look forward to providing focused owner support, generating exceptional value, and continuing to expand together in key markets in Western Europe."
Odyssey Hotel Group is a hotel development and leasing company with a significant project pipeline in Europe. Maintaining a commitment to senior-level accessibility and a focus on building long-term relationships with investors, clients, lenders, and guests, Odyssey Hotel Group brings 20 years of experience in various segments of both the lodging and real-estate industry.
"This strategic alliance with Interstate enables us to accelerate our planned growth. Together with our brand partners Marriott International and IHG, we will concentrate on developing new hotels in our focus countries," said Rick van Erp, chief executive officer of the Odyssey Hotel Group.
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