We served as exclusive financial advisor to RIM Hospitality in its sale to Interstate Hotels and Resorts, the leading U.S.-based global hotel management company. Interstate and its affiliates manage 440 hotels with more than 81,000 rooms in North America, Europe, and Asia-Pacific, with ownership interest in 31 hotels. As part of the acquisition, Interstate will create a Rim Hospitality Division with a dedicated team based out of Rim’s Newport Beach headquarters to manage the acquired portfolio.
With valued and experienced leadership teams and more than 30 years of business experience, Rim Hospitality is a well-respected company with a portfolio of full and select-service hotels across 10 states, with a significant West Coast presence. The new division’s West Coast-based operations will be backed by Interstate’s accumulation of knowledge, translating into valuable resources, including technology, finance, food and beverage, technical services, operations, and sales.
Note: This work was performed prior to joining Stout.