As part of its current expansion plan, HEI Hotels & Resorts (HEI) will launch the 348-room Marriott in Bellevue, Washington, slated to open in July, and the 169-room Hilton Garden Inn Chelsea in Manhattan, to open this month.
Upon their debut, the company will have 44 hotels 12,400 rooms under management.
HEI has added more than 14 third-party-owned hotels to its portfolio over the last 24 months.
“All of these hotels are in top markets where we believe we understand better than anyone how to maximize asset value based on customer demand and the right brand and capital plan to capture that demand at the highest rate,” says Anthony Rutledge, CEO and managing partner of HEI. “All of our strategic partners leverage HEI’s competitive advantages as an owner, operator, and renovation services company with precision expense savings and strong centralized revenue support to outperform.”
Moving forward, the company will focus on selecting the right capital partners and identifying the type of hotel assets where its operational expertise will create value.
“We have no aspirations to become the biggest third-party operator,” says Rutledge. “Rather, we remain committed to be known as the best at what we do within our core bandwidth of expertise.”
