IHR Interstate Hotels & Resorts,

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CUSIP NO. 46088S106 SCHEDULE 13D PAGE 2 OF 5 PAGES
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 1 NAME OF REPORTING PERSON

 First Eagle Investment Management, LLC
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 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
 (b) [ ]

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 3 SEC USE ONLY

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 4 SOURCE OF FUNDS*

 AF
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 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
 TO ITEMS 2(d) or 2(e) [ ]

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 6 CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
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 7 SOLE VOTING POWER

 1,550,000
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 NUMBER OF 8 SHARED VOTING POWER
 SHARES
BENEFICIALLY -0-
 OWNED BY ---------------------------------------------------------
 EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 1,550,000
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 10 SHARED DISPOSITIVE POWER

 -0-
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 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 1,550,000

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 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES*
 [ ]
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 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 4.82%
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 14 TYPE OF REPORTING PERSON*

 IA
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CUSIP NO. 46088S106 SCHEDULE 13D PAGE 3 OF 5 PAGES
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The Schedule 13D (the "Initial Schedule 13D") filed on January 19, 2010 by
First Eagle Investment Management, LLC (the "Reporting Person") with respect to
the shares of Common Stock, par value $0.01 per share (the "Shares") of
Interstate Hotels & Resorts, Inc. (the "Issuer") is hereby amended by this
Amendment No. 1. Capitalized terms used herein and not otherwise defined in this
Amendment have the meanings set forth in the Initial Schedule 13D. This
amendment constitutes an "exit" filing with respect to the Schedule 13D.


ITEM 4 PURPOSE OF TRANSACTION.

Item 4 of the Schedule 13D is hereby supplemented as follows:

 The Reporting Person sold Shares to decrease its ownership to below 4.99%
in order to no longer be considered an "Acquiring Person" under the Issuer's Tax
Benefit Preservation Plan.



ITEM 5. INTEREST IN SECURITIES OF THE COMPANY.

Paragraphs (a), (b), (c) and (e) of the Schedule 13D are hereby amended and
restated as follows:

 (a) As of the close of business on January 26, 2010, the Reporting
Person is deemed to be the beneficial owner of 1,550,000 Shares, constituting
approximately 4.82% of the Shares outstanding. The aggregate percentage of
Shares reported herein is based upon 32,155,431 Shares outstanding, which is the
total number of Shares outstanding as of November 1, 2009 as reported in the
Issuer's Quarterly Report on Form 10-Q filed on November 12, 2009 for the
quarterly period ended September 30, 2009.

 (b) By virtue of investment management agreements with its clients, the
Reporting Person shares with such clients voting and dispositive powers over the
1,550,000 Shares reported herein, which powers are exercised by the Principal
and the Portfolio Managers.

 (c) Information concerning transactions in the Shares effected by the
Reporting Person since the filing of the Initial Schedule 13D is set forth in
Schedule A hereto and is incorporated herein by reference. Except as otherwise
indicated, all of the transactions in Shares listed on Schedule A hereto were
effected in the open market.

 (e) The Reporting Person ceased to be the beneficial owner of more than
5% of the Shares on January 25, 2010.

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CUSIP NO. 46088S106 SCHEDULE 13D PAGE 4 OF 5 PAGES
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 SIGNATURES

 After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.

Dated: January 26, 2010

 FIRST EAGLE INVESTMENT MANAGEMENT, LLC

 By: /s/ Mark Goldstein
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 Name: Mark Goldstein
 Title: Senior Vice President

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CUSIP NO. 46088S106 SCHEDULE 13D PAGE 5 OF 5 PAGES
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 SCHEDULE A

TRANSACTIONS IN THE SHARES BY THE REPORTING PERSON SINCE THE FILING OF THE
INITIAL SCHEDULE 13D

Unless otherwise indicated, all trades were effected in the open market through
brokers.

Date of Transaction Shares Purchased (Sold) Price Per Share ($)*
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 1/22/2010 (100,000) 2.23
 1/25/2010 (300,000) 2.22
 1/26/2010 (50,000) 2.22


* Including commissions.