Interstate Hotels & Resorts to be sold for $307M

12/18/2009 | Reuters

Hotel Acquisition Company, a joint venture of Thayer Hotel Investors and Shanghai Jin Jiang International Hotels, is in a deal to buy Interstate Hotels & Resorts for $307 million. The announcement of the all-cash deal sent Interstate's shares soaring nearly 76% to a record high.

View Full Article in:

Reuters

Published in Brief: