ARLINGTON, VA-Interstate Hotels & Resorts has added two Courtyard by Marriott hotels to the list of properties that it has under management. Owned by Pittsburgh-based FFC Capital Corp., the properties are in Westborough, MA and Orange, CT. FFC Capital Corp. was founded 10 years ago by Milton Fine, former chairman and co-founder of Interstate Hotels Corp., the predecessor company to Interstate.

According to Interstate CEO Thomas Hewitt, the two firms are looking at other areas in which to grow their relationship. “We have a long-standing relationship with FFC and are thrilled to have this opportunity to work with them again.”

The Courtyard by Marriott Westborough is a 98-key property situated in the Westborough Technology Park, 20 miles west of downtown Boston. The Courtyard by Marriott Orange, a 121-room hotel, is located close to Yale University and downtown New Haven. It has nearly 4,000-sf of meeting space that can accommodate up 250 people.

Interstate Hotels & Resorts has been growing its portfolio of acquired properties; it now owns seven hotels and has a minority ownership interest through JVs in 22 hotels and resorts. In December, for example, it formed a joint venture with Harte Holdings of Cork, Ireland to acquire four hotels from affiliates of locally based Blackstone Group LP for an aggregate price of $207.8 million. Last year, it also acquired three properties from affiliates of the Blackstone Group LP for $118 million. Management contracts, through, remain the firm’s bread-and-butter. With this new mandate from FFC Capital Corp. the company now has 192 hotel properties under management.

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