Interstate Hotels & Resorts named top hotel management company
Hotel Business Magazine has named Arlington-based Interstate Hotels & Resorts the top hotel management company for 2015.
The industry publication ranked Interstate the top hotel management company out of 120 enterprises, based on 2014 total revenue managed.
According to the survey, Interstate had revenues of approximately $3.5 billion last year, up from $3.2 billion in 2013. It managed 435 properties and nearly 80,000 rooms in 2014.
Other Virginia companies on this year’s list were Fairfax-based Crescent Hotels & Resorts and Crestline Hotels & Resorts (Nos. 6 and 21, respectively); Salamander Hotels & Resorts in Middleburg (No. 45) and Newport Hospitality Group Inc. in Williamsburg (No. 70).
Hotel Business’ survey highlights gross annual revenue, number of properties managed, number of rooms managed, number of third-party properties managed and ownership stake of each company, with comparisons to the previous year’s numbers.