Interstate Hotels & Resorts Appoints New Chairman

Jim Abrahamson will serve as both chairman & CEO until early 2017.

Arlington, Va.Interstate Hotels & Resorts has appointed CEO Jim Abrahamson as the company’s new chairman, effective October 25, 2016.

Jim Abrahamson

Jim Abrahamson

“I am honored to be appointed as Chairman of the Board. It has been a tremendously successful five-and-a-half years at Interstate, as well as extremely satisfying both personally and professionally to work alongside our outstanding leadership team and with the finest hotel owners and partners in the industry,” Abrahamson said in prepared remarks. “We have accomplished significant milestones during my tenure as CEO and there is so much more on the horizon for Interstate.”

Prior to joining Interstate in 2011, Abrahamson was president of the Americas for Intercontinental Hotel Group, held senior leadership positions in operations, franchising and development with Hyatt Corp., Marcus Corp. and Hilton Worldwide.

“We are delighted with our recent investment in Interstate and view this seamless transition as a compliment to Jim and his executive team on a job well done,” added current Chairman Jonathan Ward.

Abrahamson will serve as both the company’s chairman & CEO until the new CEO position is filled in early 2017. Ward will continue to serve as a director of Interstate.

“Under Jim’s leadership, drive and strategic vision, Interstate has successfully expanded its portfolio and is established as the largest, most diverse platform in the industry,” stated Ahmed Wahla, partner of Kohlberg & Co. “We now look forward to appointing an industry-leading CEO to further propel the company to become the undisputed, market-leading provider of independent hotel management services to current and future owners.”

Image courtesy of Penn State University