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Michael J. Deitemeyer Named Chief Executive Officer of Interstate Hotels & Resorts
March 15, 2017 - Interstate Hotels & Resorts, a portfolio company of Kohlberg & Company, L.L.C., announced the appointment of Michael ("Mike") J. Deitemeyer as chief executive officer, effective March 23, 2017. He has also been appointed to serve on the board of directors of Interstate effective the same date.
Deitemeyer joins Interstate after a highly successful tenure with Omni Hotels & Resorts. He served as president of Omni for 13 years, and prior to that helped grow the organization through multiple management roles in operations, development, sales and finance. Under his leadership, Deitemeyer established Omni as a leading hotel brand and operator, with a reputation for delivering superior quality, award-winning service and exceptional guest experiences. He currently serves on the executive committee and board of the American Hotel & Lodging Association ("AH&LA") and is a founding board member and director for the Global Hotel Alliance. Deitemeyer began his career in the hospitality industry with Interstate.
"I am incredibly excited and motivated to join the Interstate team," Deitemeyer said. "We are committed to implementing a focused, customer-first culture that will deliver best-in-class profitability for our current and prospective hotel owners, while also being the employer of choice for the brightest talent in the industry. We plan to firmly establish the Company as the undisputed market leader for third-party hotel management services, and I look forward to working alongside our associates and Kohlberg to achieve this goal."
Deitemeyer assumes the CEO role from Jim Abrahamson. "Mike brings an impressive track record of success and leadership throughout his extensive career within the hospitality industry, which positions him well for his new role at Interstate. He is the right person to lead the next stage of growth at the Company, while delivering unwavering levels of service for our hotel guests, associates and owners," said Abrahamson. "It has been my great privilege to work with such a dedicated and skilled group of people during my time here, and I wish Mike and the associates of Interstate much continued success in the years to come." Abrahamson will remain on the board of Interstate as non-executive chairman.
Ahmed I. Wahla, partner of Kohlberg, commented, "On behalf of the Board of Directors of Interstate, I wish to sincerely thank Jim Abrahamson for his distinguished service to the Company. Jim was instrumental in expanding Interstate's footprint in both the U.S. and Europe, and as a result, establishing the Company as a leading platform in the hotel management sector. Looking forward, we are thrilled to be partnering with Mike Deitemeyer in this new chapter at Interstate. Mike brings an energetic, entrepreneurial brand of leadership to the Company, and shares our vision of offering a unique value proposition to our hotel owners, and thus propelling Interstate to become the number one operator of hotels in the industry. We have complete confidence in his ability to drive success for all stakeholders."
9/23/2016 Interstate Hotels & Resorts' 2016 Momentum Results In 70 Hotels Signed to Date September 23, 2016 -
Interstate Hotels & Resorts' momentum in 2016, with 70 new hotels under management or signed pipeline, aggregating to 14,000 rooms in the U.S., U.K., Germany and the Netherlands, showcases its ability to operate, reposition and open any hotel or resort, no matter asset class or brand, in any market worldwide.
5/4/2016 Interstate Hotels & Resorts Announces Acquisition by Kohlberg & Company May 04, 2016 -
Interstate Hotels & Resorts, a global leader in third party hotel management, and Kohlberg & Company LLC, a leading private equity firm headquartered in New York, announced that Kohlberg has acquired Interstate from Thayer Lodging and Jin Jiang International Hotels.
2/21/2011 Senior Management Team Appointed for Interstate China, an Interstate Hotels & Resorts February 21, 2011 -
Interstate Hotels & Resorts, Inc., one of the United States’ largest independent hotel management companies, today announced that Interstate China Hotels & Resorts Company Limited, a joint venture between Interstate Hotels & Resorts, Inc., and Shanghai Jin Jiang International Hotels Company Limited (“Jin Jiang Hotels”), China’s leading hotel operator and developer, has unveiled its senior leadership team.
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