Interstate Hotels & Resorts Opens and Manages TownePlace Suites Bethlehem-Easton

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(News Source: Interstate Hotels & Resorts)

(ARLINGTON, VA) -- Interstate Hotels & Resorts (OTC Bulletin Board: IHRI),  a leading hotel real estate investor and the nation's largest independent hotel management company, today announced the opening of the 86-suite TownePlace Suites Bethlehem/Easton in Pennsylvania's Lehigh Valley, an hour north of Philadelphia.  Interstate will manage the hotel for KVH, LLC, an ownership entity of the Joshi Hotel Group.  The all-suite hotel is one of 15 under-development properties in Interstate's management pipeline, the second of three development properties the company will open this summer.

"We continue to move projects forward despite the current economic down cycle," said Thomas F. Hewitt, chairman and chief executive officer, Interstate.  "The TownePlace Suites Bethlehem/Easton marks the third management contract we have signed with the Joshi family, including the Hilton Garden Inn-Allentown Airport and the Staybridge Suites-Allentown Airport.  The greater Bethlehem/Easton/Allentown area is the third largest metro region in the state, and we look forward to helping this property quickly reach its full operating potential."

Located at 3800 Easton/Nazareth Highway, within minutes of historic downtown Easton, the extended-stay TownePlace Suites Bethlehem/Easton is convenient to the major attractions in the Lehigh Valley, including Dorney Park & Wild Water Kingdom, the Crayola Factory, and Blue Mt. Ski Resort.  Guestrooms offer 37-inch flat screen TVs, free high-speed wired and wireless Internet access, fully-equipped kitchens and a home office area.  The property features a 24-hour business center, indoor pool and whirlpool, and fitness center.  In addition, the four-story hotel provides a complimentary deluxe continental breakfast.

Interstate Hotels & Resorts has ownership interests in 56 hotels and resorts, including seven wholly owned assets.  Together with these properties, the company and its affiliates manage a total of 223 hospitality properties with more than 45,500 rooms in 37 states, the District of Columbia, Russia, Mexico, Belgium, Canada and Ireland.  Interstate Hotels & Resorts also has contracts to manage 14 to be built hospitality properties with approximately 3,400 rooms. 

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