HEI Hotels & Resorts, one of the nation’s leading operators of institutionally owned hotels, continues to expand its ever-growing portfolio, including its select- and focused-service hotels. Following joint-venture acquisitions of three select-service hotels over the past eight months, HEI’s portfolio of managed select-and focused-service hotels has increased to 16 properties across the country, accounting for more than 15% of its managed portfolio. This recent announcement is one of many by HEI Hotels & Resorts, which now boasts a portfolio of 100+ properties across the United States.
“Well-known throughout the industry as the nation’s premier operator of full-service hotels, we have a renewed strategy and focus on the premium select-service segment,” said HEI Hotels & Resorts Partner, Clark Hanrattie. “We have seen rapid success in recent acquisitions enhancing the real estate value for our owners by implementing the same tools that have made us successful for decades in the full-service segment.”
About HEI Hotels & Resorts
HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment and management company that owns or operates 100+ luxury, upper-upscale and upscale independent and branded hotels and resorts throughout the United States. HEI’s branding partners include Marriott, Hilton, Hyatt, IHG, Choice and Wyndham. The company is renowned for its commitment to its associates under the culture of HEI Loves, its revenue management, profit contribution and empirically based real estate value creation, driven by a full complement of proprietary software tools to set and exceed targets on a fully integrated basis. HEI works hand-in-hand with institutional capital partners on existing assets under management as well as sponsored acquisition opportunities. The company has ample equity capital and strategically co-invests with its partners on many transactions.