Home Hospitality HEI Assumes Management of Aloft Phoenix-Airport

HEI Assumes Management of Aloft Phoenix-Airport



Norwalk, CT – HEI Hotels & Resorts, one of the nation’s leading operators of institutionally owned hotels with a portfolio of more than 100 properties across the United States, today announced that it has assumed management of the 143-key Aloft Phoenix-Airport in Phoenix, AZ, joining HEI’s rapidly growing portfolio of premium-branded, select-service hotels. The RADCO Companies recently acquired the property.

We are extremely pleased to build a new partnership with The RADCO Companies as we aim to align our mutual objectives to maximize value of institutional-quality assets. HEI’s management platform and repositioning skills will help to further establish the Aloft as one of the airport’s premium lodging offerings. Greg Mendell, VP of Investments at HEI

The Aloft Phoenix-Airport is exceptionally located adjacent to the Phoenix Sky Harbor International Airport and offers guests an outdoor pool, fitness center, airport shuttle, 588 square feet of meeting space, and lobby bar.

The RADCO Companies

RADCO was founded in 1994 with the mission of “Building Better Living.” Based in Atlanta, RADCO is a national real estate company that specializes in the acquisition and redevelopment of value-add multifamily and hospitality investments across the Southeast and Central US. Over the past 10 years, the firm has acquired and invested in approximately 31,000 units in 17 markets, acquired 12 hospitality assets, and completed more than 100 deals totaling more than $3.3 billion. For more information, please visit https://www.radco.us.

About HEI Hotels & Resorts

HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment and management company that owns or operates more than 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.



Source link