Interstate / JHM Hotels' JV to Manage 120-room Ramada in Alleppey, Kerala, India
ARLINGTON, VA - November 8, 2011 - Interstate Hotels & Resorts, the United States' largest independent hotel management company, today announced that JHM Interstate Hotels India, a 50/50 joint venture management company between Interstate and JHM Hotels, has signed a contract to manage the Ramada Hotel in Alleppey, Kerala, India. The 120-room, under-construction hotel, which is owned by Mr. Reji Cheriyan, is anticipated to open in 2012.
“This brings to six the number of hotels opened or signed in India, a country which continues to play a key role in our global strategy,” said Thomas F. Hewitt, Interstate's chairman and chief executive officer. “We have established a successful platform for growth that allows us to take advantage of the many opportunities we continue to see in India's hotel industry for both individual hotel owners and institutional investors alike.”
“Our partnership with JHM Hotels combines Interstate's hotel operating expertise, strong relationships with all international brands and depth of resources with experienced, local ties and in-country market knowledge,” said Jim Abrahamson, Interstate's president and COO. “We continue to build a robust pipeline of hotel management opportunities throughout the country, establishing a strong foundation for future expansion.”
When open, the Ramada Hotel in Alleppey will be the first internationally branded hotel in the market. Located on Punnamada Finishing Point Road along Lake Punnamada, the under- construction Ramada Alleppey will feature a number of outlets including a rooftop restaurant and bar with stunning views of Kerala. Other facilities will include a health club/spa, a business center and state-of-the-art conferencing and meeting facilities. All guest rooms will overlook the picturesque lake and backwaters of Kerala, in addition to the finish line of the renown Nehru Trophy Boat Race held every year.
About JHM Interstate Hotels India Pvt. Ltd.
JHM Interstate Hotels India Pvt. Ltd is a 50/50 joint venture partnership formed in 2008 between Interstate Hotels & Resorts, Inc. and JHM Hotels. It is headquartered near New Delhi, India, with a fully staffed Resource Center in Gurgaon, Haryana. The management team in Gurgaon provides expertise in all aspects of hotel operations including sales and marketing, food and beverage, information technology, human resources, construction and design, finance and quality assurance. For more information, contact Lloyd Lauland, Executive Director, JHM Interstate Hotels India, at 91 124 3091700, or visit the company's website: www.jhminterstate.com
About JHM Hotels
JHM Hotels, Inc., a premier lodging company based in Greenville S.C., with offices in Mumbai and Surat, India, has developed, acquired, owned and operated hotels throughout the United States for more than 36 years. The company currently owns and operates 43 U.S. hotels with more than 7,500 guestrooms, operating under such well-known brands as Marriott, Hilton, Starwood and Hyatt. For more information about JHM Hotels, visit the company's website: www.jhmhotels.com.
About Interstate Hotels & Resorts
Interstate Hotels & Resorts, Inc., a wholly-owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the United States' leading hotel management company, operating branded full- and select-service hotels and resorts, conference centers and independent hotels worldwide. The company and its affiliates manage and/or have ownership interests in nearly 400 hotels with more than 69,000 rooms in 40 states, the District of Columbia, China, Russia, India, Mexico, Belgium, Canada, Ireland, England and the Netherlands. The company has ownership in 58 of those hotels, including six wholly owned assets. Interstate Hotels & Resorts also has executed agreements for 25 hotels with more than 5,000 rooms under construction or development throughout the world.
For nearly two decades, Interstate Hotels & Resorts has been operating hotels outside of the United States. The company's global hotel management platforms in Western Europe, Russia, India and China provide the resources and infrastructure necessary for comprehensive hotel management operations, sales and marketing, revenue management, e-commerce, procurement, food and beverage operations and technical services for hotel owners and developers seeking a proven and experienced hotel management company.
For additional information about Interstate, visit the company's website: www.ihrco.com.<>
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