Interstate Hotels & Resorts Reports Third-Quarter 2009 Results

ARLINGTON, VA—Interstate Hotels & Resorts (NYSE: IHR), a leading hotel real estate investor and the nation’s largest independent hotel management company, reported operating results for the third quarter ended September 30, 2009. The company’s performance for the third quarter includes the following (in millions, except per share amounts):

Highlights for the third quarter and through today include:

• · Extended senior secured credit facility to March 2012;
• · Common stock resumed trading on the NYSE effective July 29, 2009;
• · Added 10 properties to third-party management portfolio, including first hotel in India, the new-build Four Points by Sheraton in Jaipur;
• · Secured mortgage financing for Westin Atlanta Airport;
• · Signed purchase and sale agreement to sell wholly owned Hilton Garden Inn Baton Rouge; IHR to retain management of hotel with new ownership.

For a complete copy of the company's news release and financials, please contact: Carrie McIntyre, SVP, Treasurer, (703) 387-3320