Harte Holdings clinches US deal
Cork based Harte Holdings has completed a massive €145m American Hotel deal, which includes 4 US hotels with a total of 890 bedrooms. Harte Holdings has a majority 80% stake with it's partners in the deal, Interstate Hotels & Resorts.
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About Harte Holdings
Harte Holdings is an Irish-based investment and development company which owns a wide variety of real estate projects in the United Kingdom, Ireland and mainland Europe, with a portfolio consisting primarily of hotels, residential, commercial and retail assets in these areas.
About Interstate
As of November 30, 2007, Interstate Hotels & Resorts owned seven hotels and had a minority ownership interest through separate joint ventures in 22 hotels and resorts. Together with these properties, the company and its affiliates manages a total of 192 hospitality properties with more than 43,000 rooms in 36 states, the District of Columbia, Belgium, Canada, Ireland, Mexico and Russia. Interstate Hotels & Resorts also has contracts to manage 15 hospitality properties with approximately 4,400 rooms currently under construction. For more information about Interstate Hotels & Resorts, visit the company's website: http://www.ihrco.com/.
