ARLINGTON, VA—Interstate Hotels & Resorts, the United States’ largest independent hotel management company, has opened and is managing the 366-room Renaissance Moscow Monarch Centre (top left photo) in Russia’s capital city.
The new-build hotel, which includes Moscow’s largest dedicated conference center, is part of a mixed-use development built and owned by Monarch Open Joint Stock Company “Concern Monarch,” one of the largest construction companies in Moscow.
“Interstate has been an independent, third-party hotel operator and has pioneered the opening of a number of international brands in Russia,” said Kenneth W. McLaren, executive vice president of international operations at Interstate.
" Those relationships, combined with our proven track record and knowledge of local markets, represent a significant competitive advantage for us. We continue to seek additional management opportunities in Europe for both branded and independent hotels.”
“Interstate has operated hotels in Europe for over a decade and is committed to additional expansion throughout the European Union.
"Last week, we announced the formation of a strategic alliance with a European-based hotel asset management company to establish a platform that will allow us to accomplish that. We have aggressive growth plans and see significant opportunities ahead.”
For more information about Interstate Hotels & Resorts, visit the company’s Web site: http://www.ihrco.com/
Contact:
Jerry Daly, Carol McCune, Media, Daly Gray, (703) 435-6293, jerry@dalygray.com
Carrie McIntyre, SVP, Treasurer, Interstate Hotels & Resorts, (703) 387-3320, carrie.mcintyre@ihrco.com
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