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Kohlberg & Co. weighs $1b hospitality sale
Transactions - JULY 23, 2019

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Kohlberg & Co. weighs $1b hospitality sale

by Andrea Zander

Kohlberg & Co. has hired advisers to explore a potential sale of Interstate Hotels & Resorts that could value the hotel management company at about $1 billion, according to Bloomberg.

Kohlberg & Co. paid $600 million to acquire the Virginia-based business in 2016.

The company, founded in 1960 and led by Mike Deitemeyer, operates 605 properties in 15 countries.

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