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ARLINGTON, VA-Interstate Hotels & Resorts will be managing an eight-hotel portfolio owned by an affiliate of Investcorp International. The properties are located throughout the US—a departure from the REIT’s recent push to focus on its expanding global footprint. This portfolio consists of 2,096 rooms, including one Hilton, five DoubleTree by Hilton hotels, one Marriott and one Sheraton.

Most of the new assets under management are located in markets where Interstate already has a strong presence and extensive market experience, says Leslie Ng, Interstate’s chief investment officer. The deal will create economies of scale that will benefit each property’s bottom line, he adds in a prepared statement. “We look forward to building on our relationship with Investcorp and for further opportunities to work with them.”

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