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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000895345-03-000655.txt : 20031002
<SEC-HEADER>0000895345-03-000655.hdr.sgml : 20031002
<ACCEPTANCE-DATETIME>20031002122934
ACCESSION NUMBER:		0000895345-03-000655
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:			MIKULICH RAYMOND C
		CENTRAL INDEX KEY:			0001179696

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14331
		FILM NUMBER:		03922936

	BUSINESS ADDRESS:	
		STREET 1:		LEHMAN BROTHERS HOLDINGS INC
		STREET 2:		745 SEVENTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-526-7000

	MAIL ADDRESS:	
		STREET 1:		LEHMAN BROTHERS HOLDING INC
		STREET 2:		745 SEVENTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>tp4-interstate_mikulichex.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>0001179696</rptOwnerCik>
            <rptOwnerName>MIKULICH RAYMOND C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>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>6800824</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 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.  The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Raymond C. Mikulich</signatureName>
      <signatureDate>2003-09-30</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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