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Tuesday, December 22, 2009, 11:50PM ET - U.S. Markets Closed. Dow Up 0.49% Nasdaq Up 0.67%
Interstate Hotels & Resorts Inc. (IHR)At 4:00PM ET: 2.16  Down 0.03 (1.37%)  
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Interstate Hotels & Resorts Inc.
4501 North Fairfax Drive
Suite 500
Arlington, VA 22203
United States - Map
Phone: 703-387-3100
Fax: 703-387-3101
Web Site: http://www.ihrco.com

DETAILS 
Index Membership:N/A
Sector:Services
Industry:Lodging
Full Time Employees:19,000

BUSINESS SUMMARY 
Interstate Hotels & Resorts, Inc., together with its subsidiaries, operates as a hotel real estate investor and independent hotel management company. It operates in two segments, Hotel Ownership and Hotel Management. The Hotel Ownership segment includes wholly-owned hotels and joint venture investments in hotel properties. As of December 31, 2008, it owned 7 hotels with 2,051 rooms; and held non-controlling equity interests in 18 joint ventures, which owned or held ownership interests in 50 of its managed properties. The Hotel Management segment manages a portfolio of upscale, full-service and premium, select-service hospitality properties. It also provides ancillary services in the hotel, resort, conference center, and golf markets, which include insurance and risk management placed through a licensed broker, purchasing and project management, information technology and telecommunications, and centralized accounting functions. As of December 31, 2008, Interstate Hotels & Resorts and its affiliates managed 226 hotel properties with 46,448 rooms, and 6 ancillary service centers, which consist of a convention center, a spa facility, 2 restaurants, and 2 laundry centers in 37 states, the District of Columbia, Russia, Mexico, Canada, Belgium, and Ireland. The company was founded in 1998 and is headquartered in Arlington, Virginia.
Key Statistics

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    CORPORATE GOVERNANCE 
    Interstate Hotels & Resorts Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 97.2% of CGQ Universe companies and 85.4% of Consumer Services companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Thomas F. Hewitt , 65
    Chairman and Chief Exec. Officer
    $ 625.00K $ 0
    Mr. Bruce Riggins , 36
    Chief Financial Officer
    $ 467.00K $ 0
    Mr. Samuel E. Knighton , 55
    Pres of Hotel Operations
    $ 425.00K $ 0
    Mr. Christopher L. Bennett Esq., 39
    Exec. VP, Sec. and Gen. Counsel
    $ 344.00K $ 0
    Mr. Leslie Ng , 50
    Chief Investment Officer
    $ 354.00K $ 0
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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