US-based hotel management company Interstate Hotels & Resorts is to invest in a portfolio of nine hotels in the Netherlands.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company entered a joint venture with TVHG Budget Group Beheer through its subsidiary TVHG Budget Group Netherlands for the investment and will manage all nine hotels under long-term contracts.

Of the nine hotels, which comprise approximately 1,800 rooms, the 112-room Holiday Inn Express Schiphol Airport in Amsterdam is open and the remaining eight are expected to be launched by the end of 2012 as Holiday Inn, Holiday Inn Express or Hampton Inn brands.

Interstate chairman and CEO Thomas Hewitt said the joint venture marks the company’s entry into the Netherlands and will increase its European presence to more than 25 hotels that are either open or in the pipeline.