Board Member

Larry Shupnick

Senior Vice President, Development and Acquisitions
Interstate Hotels & Resorts

 

Background Information

Larry Shupnick is senior vice president of development and acquisitions for Interstate Hotels & Resorts. A hospitality industry veteran, he previously served as senior vice president, development and acquisitions, for MeriStar Hospitality Corporation, a real estate investment trust, which was acquired by the Blackstone Group. Shupnick was named to his current position in July 2006.

Shupnick first joined Interstate in 1990 when he merged his company, Laral Hotels, with CapStar Hotel Company, an Interstate predecessor company. Laral was a hotel management and ownership company Shupnick founded in 1970. Previously, he served in senior executive positions at a number of hotel companies, including Sheraton Corporation, Hilton Hotels Corporations, Schine Hotels, and Recion Corporation.

Shupnick has been a frequent panelist and moderator at many industry forums, including the American Lodging Summit (ALIS) Conference, the UCLA Conference, the NYU Investment Conference, the Lodging Conference, JMBM's Meet the Money and the Canadian Hotel Investment Conference.

Actively involved in various community services, Shupnick serves on the President's Roundtable at California State Polytechnic State University, San Luis Obispo. He is a member of the Board of Advisors for The Collins School of Hospitality Management at Cal Poly Pomona, a member of the Board of the San Luis Obispo County Sheriff's Advisory Council, a director of the Central Coast Wine Classic, and is involved with several local charities.

Company Profile

Interstate Hotels & Resorts (NYSE: IHR) is a leading hotel real estate investor and the nation's largest independent operator of full and select-service hotels. The company has ownership interests in 54 hotels and resorts, including seven that are wholly-owned. Together with these properties, Interstate manages 218 hotels with approximately 45,000 rooms in 36 states, the District of Columbia, Belgium, Canada, Ireland, Mexico and Russia. Interstate also has contracts to manage 17 hospitality properties with approximately 4,800 rooms currently under construction.ยน

As a preferred hotel management company, Interstate Hotels & Resorts consistently delivers results for hotel REITs, as well as other institutional real estate owners, non-institutional ownership groups, and other privately held companies, such as the Blackstone Group.

While hotel management remains the company's core business, Interstate has embarked on a strategic growth plan that complements and supplements hotel management services with real estate ownership through joint ventures and wholly-owned hotel acquisitions.

With over 45 years of experience managing hotels, resorts, conference centers and condominium hotels, Interstate is a proven choice. It is the company's unique ability to combine extensive resources and unparalleled depth with responsiveness and dexterity that allow its hotels to succeed in any marketplace.

Larry Shupnick

Larry Shupnick
Senior Vice President, Development and Acquisitions
Interstate Hotels & Resorts