HEI Adds Embassy Suites Palm Beach Gardens to its Portfolio
The 160-room property marks HEI's 21st Florida hotel and will undergo lobby renovation and F&B repositioning.
Photo by HEI Hotels
Norwalk, CT - HEI Hotels & Resorts, one of the nation's leading operators of institutionally owned hotels, has added the Embassy Suites Palm Beach Gardens PGA Boulevard in Palm Beach Gardens, Florida to its portfolio. This is the 21st property in HEI’s portfolio in the state of Florida, adding to its growing presence throughout the Southeast.
The 160-room hotel is conveniently located right off I-95 in central Palm Beach Gardens. The property is proximate to PGA National Resort, famed golf clubs such as the Bears Club, and some of Florida’s best beaches just a few miles away. The property, which recently completed a significant guestrooms renovation, will undergo a major lobby renovation and repositioning of it’s food and beverage outlet in the coming years.
The Embassy Suites Palm Beach Gardens is a high-performing property and a brand we are very familiar with. We are grateful to ownership for providing us the opportunity to grow our relationship and look forward to helping them maximize the value of this asset
HEI Hotels & Resorts CEO and Managing Partner, Anthony Rutledge
As a full-time Palm Beach Gardens resident, I am very proud to be partnering with other residents on this exciting and well-located hotel. We have significant plans for upgrading the property in the coming years. The Embassy Suites is a great addition to our collection of hotel, apartment and other various businesses throughout Florida and the country
Joseph Lubeck, Principal and Managing Partner
About HEI Hotels & Resorts
HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment and management company that owns or operates approximately 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. To learn more about HEI, please visit www.heihotels.com.