ARLINGTON, Va., Oct. 27 (UPI) -- Interstate Hotels & Resorts of Arlington, Va., Wednesday said it has acquired Sunstone Hotel Properties Inc. of San Clemente, Calif.
Interstate Hotels is the nation's largest independent hotel management company. Sunstone Hotel Properties Inc. is the manager of 54 hotels, including 50 hotels owned by Sunstone Hotel Investors Inc., a newly formed real estate investment trust.
The 54 hotels comprise 12,643 rooms in 16 states and are primarily upper-upscale and upscale properties located in the Western portion of the country.
The hotels include 24 Marriott-branded hotels, 16 InterContinental, eight Hilton and three independent. With the addition of this portfolio, Interstate now operates 307 hotels.
Financial terms of the deal were not disclosed.
Interstate Hotels & Resorts operates more than 300 hospitality properties in 40 states, the District of Columbia, Canada, Russia and Portugal.
