HEI Hotels & Resorts looks to deploy war chest | hotelnewsnow.com

HEI Hotels & Resorts is sitting on a pile of cash and is waiting to strategically place it as an economic recovery looms. Steve Mendell, the Norwalk, Connecticut-based company’s newly appointed president of acquisitions and development, said during an interview at last week’s Americas Lodging Investment Summit that he expects a turnaround to come slowly.