Finkelstein Thompson LLP Announces Investigation of Interstate Hotels & Resorts Inc.

Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Interstate Hotels & Resorts Inc. (“IHR” or the “Company”) (NYSE: IHR) arising from the Company’s announcement of its intent to be acquired by Hotel Acquisition Co. LLC (“Hotel Acquisition”).

On December 8, 2009, IHR announced its plan to be acquired by Hotel Acquisition, a joint venture between Thayer Lodging Group and Shanghai Jin Jiang International Hotels, in a deal valued at approximately $307 million. Under the terms of the merger agreement, IHR shareholders will receive $2.25 in cash for every share of Company stock they own, despite the fact that the Company currently has a book value of approximately $4.49 per share.

The investigation is focused on the potential unfairness of the consideration to be paid to IHR shareholders as well as the potential unfairness of the process by which the IHR Board of Directors is addressing the transaction.

If you are interested in discussing your rights as an IHR shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at [phone] or by email at [e-mail].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

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