-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 F7zxUlO49uqOf9xDFHeVF7y02MOZwna06d7iG2NSC7jfp4fFtO4edM3BPR1Y7PhH
 6lcJhGICEahMmV5bX6nFug==

<SEC-DOCUMENT>0000895345-03-000654.txt : 20031002
<SEC-HEADER>0000895345-03-000654.hdr.sgml : 20031002
<ACCEPTANCE-DATETIME>20031002122859
ACCESSION NUMBER:		0000895345-03-000654
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030930
FILED AS OF DATE:		20031002

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERSTATE HOTELS & RESORTS INC
		CENTRAL INDEX KEY:			0001059341
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		IRS NUMBER:				510379982
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1010 WISCONSIN AVE NW
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20007
		BUSINESS PHONE:		2029654455

	MAIL ADDRESS:	
		STREET 1:		1010 WISCONSIN AVE N W
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20007

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MERISTAR HOTELS & RESORTS INC
		DATE OF NAME CHANGE:	19980407

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FLANNERY JOSEPH J
		CENTRAL INDEX KEY:			0001134605

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14331
		FILM NUMBER:		03922934

	BUSINESS ADDRESS:	
		STREET 1:		3 WORLD FINANCIAL CENTER
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
		BUSINESS PHONE:		2125263132

	MAIL ADDRESS:	
		STREET 1:		3 WORLD FINANCIAL CENTER
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>tp4-interstate_flanneryex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-09-30</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001059341</issuerCik>
        <issuerName>INTERSTATE HOTELS &amp; RESORTS INC</issuerName>
        <issuerTradingSymbol>IHR</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001134605</rptOwnerCik>
            <rptOwnerName>FLANNERY JOSEPH J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O LEHMAN BROTHERS HOLDINGS INC</rptOwnerStreet1>
            <rptOwnerStreet2>745 SEVENTH AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-09-30</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>S</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>167284</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>5.68</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>6807264</value>
            <footnoteId id="F1"/>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See Footnote</value>
            <footnoteId id="F1"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
   <footnotes>
      <footnote id="F1"> Represents the beneficial ownership interest of Lehman Brothers Holdings Inc. in 6,800,824 shares of the issuer's Common Stock as disclosed on a report on Form 4 filed by such entity on or about the date hereof. The Reporting Person serves as a Managing Director for Lehman Brothers Holdings Inc. In addition, the number includes 6,440 shares of the issuer's Common Stock held directly by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Joseph J. Flannery</signatureName>
      <signatureDate>2003-09-30</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----