The 2014 Winter Olympics may be three years out, but Interstate Hotels & Resorts in Arlington is already a member of the winner’s circle. The company announced Thursday that it has been selected to manage six hotels that will be built by NBB-Development in Sochi, a sea and mountain resort area in southwestern Russia that’s the site of the 2014 Winter Olympics.
Altogether the properties will offer 1,564 rooms. Expected to open in the fall 2013, they will include a city center business hotel, a golf resort and four hotels in a mixed-use real estate development that will be an integral part of the infrastructure of the 2014 Olympics. .
“Russia is where we began our international outreach more than 16 years ago,” Thomas F. Hewitt, Interstate’s chairman and CEO said in a statement. “These six properties add to our growing European portfolio.” Hewitt added that the company pioneered independent third-party management in Russia and currently operates seven hotels in Moscow. “We believe there are continued opportunities throughout the region and have a full team in place to oversee this expected growth.”
The city and resort area of Sochi is located in the Krasnodar Kray region in southwestern Russia, stretching along the Black Sea coast at the foot of the western part of the main Caucasus mountain range. Interstate Hotels & Resorts, a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the largest independent hotel management company in the U.S. based on revenue managed. It holds ownership interests in 329 properties with more than 60,000 rooms in 39 states, the District of Columbia, China, Russia, India, Mexico and several European countries.
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