Law Office of Brodsky & Smith, LLC Announces Investigation of Interstate Hotel & Resort, Inc.

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Interstate Hotel & Resort, Inc. (“Interstate Hotel” or the “Company”) (NYSE:IHR) related to the proposed acquisition by Hotel Acquisition Co., LLC, a joint venture between Thayer Lodging Group and Shanghai Jin Jiang International Hotels.

Under the terms of the transaction, Interstate Hotel stockholders will receive $2.25 in cash for each share of Interstate Hotel common stock they own. The transaction is valued at approximately $307 million. The investigation concerns whether the board breached their fiduciary duties by agreeing to various deal protections that may prevent other superior offers. These protections include a no-solicitation provision, the board’s agreement to pay a $3.0 million termination fee, and may require the Company to reimburse costs in an amount up to $1.5 million or $3.5 million.

If you are an Interstate Hotel shareholder and wish to discuss the legal ramifications of the Board’s actions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, 9595 Wilshire Blvd., Suite 900, Beverly Hills, CA 90212, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.

Interstate Hotels (NYSE:IHR)
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