IHR- @ .52-Mkt Cap 16.5-P/E 3.21-EPS.16 - Worth Watching for a Bounce...........Waiting for Bottom--NOT there yet........
Interstate Hotels & Resorts, Inc., together with its subsidiaries, operates as a hotel real estate investor and operator. 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, 2007, it owned 7 hotels with 2,045 rooms; and held non-controlling equity interests in 17 joint ventures, which owned or held ownership interests in 22 of its managed properties. The Hotel Management segment manages a portfolio of upscale, full-service and premium, and 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, 2007, Interstate Hotels & Resorts and its affiliates managed 191 hotel properties with 42,620 rooms, as well as a convention center, a conference center, a spa facility, and 2 laundry centers in 36 states, the District of Columbia, Russia, Mexico, Canada, Belgium, and Ireland. The company was founded in 1998 and is headquartered in Arlington, Virginia.
