Chardon Management in U.K. acquired by Interstate Hotels & Resorts

09/26/2013 | (free registration)

Interstate Hotels & Resorts has added 32 U.K. hotels to its portfolio through the acquisition of Chardon Management. The purchase price was not disclosed. "We have identified Europe as a very important operating platform for Interstate and we plan to be active in expanding there," said Leslie Ng, Interstate's chief investment officer.

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