Interstate Hotels & Resorts Acquired by Kohlberg & Company from Thayer Lodging and Jin Jiang International Hotels

Interstate Hotels & Resorts | May 4, 2016

ARLINGTON, Va. / NEW YORK, N.Y. May 4, 2016 – Interstate Hotels & Resorts ("Interstate" or the "Company"), the global leader in third party hotel management, and Kohlberg & Company LLC ("Kohlberg"), a leading private equity firm headquartered in New York, today announced that Kohlberg has acquired Interstate from Thayer Lodging and Jin Jiang International Hotels. The transaction provides Interstate with a new strategic partner and positions the Company to enrich its value proposition in the hotel and hospitality industry, with enhanced global relationships and access to capital resources benefiting its third party manageme...