Article: Interstate Hotels & Resorts Joint Venture Signs First Management Contract in India.

ARLINGTON, Va., April 29 /PRNewswire-FirstCall/ -- Interstate Hotels & Resorts , a leading hotel real estate investor and the nation's largest independent operator of full- and select-service hotels, today announced that its joint venture management company, JHM Interstate Hotels India, has signed a contract to manage its first property in India. The 50-50 joint venture was formed between Interstate and JHM Hotels, one of the largest independent developers and owners of hotels in the U.S., to operate and selectively invest in hotels in India. The joint venture was announced in late February 2008.

The venture's first executed contract is for a 124-room, under ...

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