HEI Hotels & Resorts promotes Clark Hanrattie, a partner at HEI for 23 years, to CEO and managing partner. Hanrattie will succeed Anthony Rutledge, who has held that role since 2012. The transition will be effective July 1. After the transition, Rutledge will remain a significant owner of HEI and an engaged partner.
“I am honored to assume the role of CEO and managing partner with HEI,” Hanrattie said in a statement. “Anthony is someone who I deeply respect. He has had an immeasurable positive impact on my life and career. Together with Rachel Moniz and Dan Walworth, along with many other key leaders across the HEI team, we look forward to building on HEI’s legacy as an industry leading company with strong and aligned personal relationships across our institutional investment community, brand partners and associates.”
“I would like to congratulate Clark on his new role,” said Rutledge. “With the unmatched platform we have built over several decades as a tried-and-true owner/operator focused solely on value creation, our unwavering culture of HEI Loves and a team of seasoned professionals, Clark’s relentless passion and deep experience across all of our investment and operating disciplines will drive us to new heights.”
“I am thrilled with the success of HEI under Anthony’s leadership and look forward to his continued contributions to our firm and our industry. Moving forward, I could not be more confident that Clark and our outstanding team will continue to capitalize on our unique DNA to maximize real estate value, all while simultaneously advancing the culture that has enabled HEI to thrive,” said Gary Mendell, HEI’s co-founder and chairman.
Over his career, Hanrattie has been instrumental in the acquisition, revenue management, and expense management of more than 175 hotels, with transaction value exceeding $9 billion. Hanrattie began his career in 1993 at Olympus Real Estate, where he rose from an analyst to a partner in the firm leading all hotel investment and asset management activities. He left in 2004 to join HEI to bolster its owner/operator business model. Hanrattie has played an integral role in driving the growth of HEI’s portfolio from 35 to over 100 hotels and has been an active leader working with all divisions across HEI.
Under Rutledge’s leadership and tenure, HEI grew the real estate value of its third-party hotel and/or joint venture assets under management from $2 billion in 2012 to over $20 billion today. Hanrattie will be laser focused on charting a course that continues to drive HEI’s impressive returns to its ownership and branding partners.
HEI Loves culture has become a key contributor to HEI’s overall success and is based on true employee empowerment, development and advancement based not on words, but action. HEI’s more than 14,000 associates have consistently ranked HEI among the top 5 percent of hotel companies in terms of overall associate satisfaction scores, according to the company.
“Hiring, retaining, and developing the very best people in our industry continues to be a major contributor to our owner/operator business model and the outsized returns to our ownership and branding partners,” said Hanrattie. “Against the profound impact of HEI Loves on the thousands of associates and families counting on us, I will make it our mission to carry forward the continued evolution of HEI Loves as one of our forefront priorities.”