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Interstate Hotels & Resorts, Inc. (Interstate) is a hotel real estate investor and an independent operator. The Company operates in two segments: hotel ownership (through whole-ownership and joint ventures) and hotel management. A third reportable segment, corporate housing, was disposed of on January 26, 2007, with the sale of BridgeStreet Corporate Housing Worldwide, Inc. and its affiliated subsidiaries. As of December 31, 2007, the Company and its affiliates managed 191 hotel properties with 42,620 rooms and five ancillary service centers (which consist of a convention center, conference center, spa facility and two laundry centers), in 36 states, the District of Columbia, Russia, Mexico, Canada, Belgium and Ireland. The Company manages hotels represented by nearly 30 franchise and brand affiliations, in addition to managing 15 independent hotels. In October 2008, the Company announced that it has opened the 106-room TownePlace Suites/Albany Empire State Plaza in New York.