Interstate Hotels to be bought for $307 million
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Interstate Hotels to be bought for $307 million

Bangalore : India | Dec 18, 2009 at 9:52 AM PST
Source: International Business Times
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Interstate Hotels & Resorts (IHR.N) said it agreed to be bought by Hotel Acquisition Company LLC in an all-cash deal valued at $307 million, sending its shares up as much as 76 percent. Hotel Acquisition Co, a joint venture between subsidiaries of Thayer Hotel Investors and Shanghai Jin Jiang International... FULL ARTICLE AT International Business Times
 
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