Monday, May 3, 2010

Interstate Hotels & Resorts Opens Renaissance Hotel in Moscow

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.

“We now operate seven properties in the country, as well as five additional hotels in Europe. We have established a rock solid growth platform based on strong local relationships and mutual respect.

" 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.”

“The Renaissance Monarch Centre represents a major step forward in our international outreach to Europe,” said Thomas F. Hewitt  (bottom right photo), chairman and chief executive officer.

 “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:


Jerry Daly, Carol McCune, Media, Daly Gray, (703) 435-6293,
Carrie McIntyre, SVP, Treasurer, Interstate Hotels & Resorts, (703) 387-3320,

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