Interstate Hotels & Resorts announces management contracts for ibis budget hotels in Derby and Leicester.
ARLINGTON, VA. – Interstate Hotels & Resorts announces new UK management contracts for ibis budget Hotel Derby and ibis budget Hotel Leicester. The new hotels increase Interstate’s rapidly expanding UK portfolio by 154 guestrooms and cements its position as the premier hotel management company in the UK, raising its collection to 49 hotels managed and signed.
“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,” said Jim Abrahamson, chief executive officer of Interstate. “Transaction activity in these markets is growing and Interstate is looking forward to utilizing our expansive bench strength, exceptional executives and strong leadership team in the UK to further enhance hotel owner opportunities, producing strong results worldwide.”
The 81-room ibis budget Hotel Derby, and 73-room ibis budget Hotel Leicester, are mid-tier hotels situated close to the city centers of Derby and Leicester. Both hotels offer contemporary guestrooms with en-suite showers, air cooling, flat screen TVs and a continental breakfast served daily.
“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,” said Robert Crook, Interstate’s managing director for the UK. “These management wins come in the wake of last month’s rebranding of the former Quality Hotel to Holiday Inn Express Edinburgh Airport following a multi-million pound investment and take our UK portfolio to 49 hotels under franchise agreements with many of the world’s leading hotel companies.”
Interstate’s UK portfolio currently consists of 49 hotels under franchise agreements with hotel companies including InterContinental Hotels Group, Hilton Worldwide, Accor, Wyndham and Best Western. Brands include Hotel Indigo, Holiday Inn, Holiday Inn Express, DoubleTree by Hilton, Hampton by Hilton, ibis Styles, ibis budget and Days. The portfolio also includes a number of independent hotels.
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