Brookfield's Thayer Lodging sells hotel manager to Kohlberg
Interstate Hotels & Resorts Inc has been acquired by U.S. private equity firm Kohlberg & Co. The deal's financial terms were not disclosed. Interstate, a third-party hotel management company, was sold by Thayer Lodging Group, a hospitality investment firm owned by Canada's Brookfield Asset Management, and Jin Jiang International Hotels. Thayer and Jin Jiang held the asset for five years. Based in Annapolis, Maryland, Thayer was acquired by Brookfield in May 2014.
4 May 2016•3 mins read
