In the news release, Interstate Hotels & Resorts (NYSE:IHR) Reports Second-Quarter 2007 Results, issued earlier today by Interstate Hotels & Resorts over PR Newswire, we are advised by a representative of the company that in the first table after the first paragraph, Adjusted diluted EPS, Year- to-Date 2007 should read "$0.07," rather than "$0.7" as originally issued inadvertently. Complete, corrected table follows: Second Quarter Year-to-Date --------------- ---------------- 2007 2006 2007 2006 ----- ----- ----- ----- Total revenue (1) $35.4 $26.5 $63.8 $58.1 Net income $1.6 $3.0 $18.8 $3.8 Diluted earnings per share $0.05 $0.10 $0.59 $0.12 Adjusted EBITDA (2) (3) $9.5 $7.6 $16.4 $22.2 Adjusted net income (2) $1.5 $1.6 $2.3 $8.1 Adjusted diluted EPS (2) $0.05 $0.05 $0.07 $0.26 (1) Total revenue excludes other revenue from managed properties (reimbursable costs). (2) Adjusted EBITDA, Adjusted net income, and Adjusted diluted EPS are non-GAAP financial measures and should not be considered as an alternative to any measures of operating results under GAAP. See further discussion of non-GAAP financial measures and reconciliation to net income later in this press release. (3) Includes the company's share of EBITDA from unconsolidated Joint Venture investments in the amounts of $1.0 million in the second quarters of 2007 and 2006, and $1.9 million and $1.5 million for the first six months of 2007 and 2006, respectively. DATASOURCE: Interstate Hotels & Resorts

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