HEI Assumes Management of a Portfolio of Four Marriott-Branded Hotels in Orlando, Florida

HEI Hotels & Resorts, one of the nation's leading operators of institutionally owned hotels, has acquired a portfolio of Marriott-branded properties in the Lake Buena Vista area of Orlando, Florida. The properties add to its growing portfolio of upper-upscale and premium hotels and resorts throughout the United States. Owned by leading privately-owned investment firm L&R Hotels, the portfolio consists of four properties with a total of 1,590 rooms, including the Sheraton Orlando Lake Buena Vista Resort and three hotels that make up the Marriott Orlando Village complex: the Courtyard by Marriott, the SpringHill Suites by Marriott and the Fairfield Inn & Suites by Marriott.

The Sheraton Resort and Marriott Village hotels are located in the heart of Lake Buena Vista , promixate to Orlando’s Disney Theme Parks, Universal Theme Parks, Sea World and the recently opened Universal Epic Universe. The Sheraton Resort is actively completing a comprehensive renovation of all guest rooms, public spaces and approximately 40,000 square feet of outdoor and indoor meeting space. Together, the 490-room Sheraton Resort and the Marriott Village hotels, with 1,100 rooms, offer a full array of facilities and amenities across the portfolio, including meeting space, food and beverage options, swimming pools, a spa and fitness centers.

The relationship between HEI and L+R Hotels has expanded by identifying opportunites in key markets where we can effectively align our mutual objectives to maximize market positioning and deploy operating efficiencies and creative strategies. HEI’s management platform, track record of excellence and ability to complex multiple properties in order to execute an effective business plan will help to bolster performace and generate value for this portfolio of Orlando hotels. HEI Hotels & Resorts CEO and Managing Partner, Anthony Rutledge