HEI Hotels & Resorts Promotes Three of its Senior Management Team

. April 07, 2015

NORWALK, CT - April 7, 2015 - HEI Hotels and Resorts announced today several promotions and organizational improvements that will ensure the company is organized in the most efficient manner possible to best serve and exceed the expectations of its investors, partners and third party owners in the face of rapid growth. Anthony Rutledge, CEO and Managing Partner of HEI Hotels and Resorts, the parent company of all HEI-owned subsidiaries, announced the following promotions and organization improvements.

Ted Darnall, Chief Operating Officer, will be promoted to the position of CEO of HEI Hotels and Resorts Lodging and Technical Services Company, the company responsible for all of HEI lodging services, management, design, renovation and technical services. Clark Hanrattie will be promoted to the position of Managing Director, responsible for all of HEI's investment and disposition activities, and will retain his role as CFO for all HEI subsidiaries. Both Ted Darnall and Clark Hanrattie will continue to report to Anthony Rutledge.

In addition, Tory Waterman, Senior Vice President of Hotel Finance, will be promoted to the position of Executive Vice President of Hotel Finance, with continued reporting to Ted Darnall. Dan Walworth, Vice President of Operational Planning, will be promoted to the position of Senior Vice President of Operational Planning, with continued reporting to Ted Darnall.

"I am confident that these promotions and organizational improvements will continue to produce industry leading results for our investors, partners and third party owners," said Anthony Rutledge, CEO and Managing Partner of HEI Hotels and Resorts. Rutledge continued "Our exponential growth over the last 36 months is a direct testament to the platform we have created together and our relentless commitment to set an even higher standard of excellence in everything we do. These promotions and improvements, coupled with the immense talent of our people, will do just that."

About HEI Hotels & Resorts

HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment firm and management company that acquires, develops, owns and operates premium select-service, full-service, upper upscale and luxury hotels and resorts throughout the United States under such well-known brand families as Starwood, Marriott, Hilton, Hyatt and IHG. HEI takes a holistic approach to creating value for its investors and employees by setting the highest standards across all aspects of hotel management and operation and focusing on the central principles of excellence and continuous improvement. HEI prides itself on some of the highest employee satisfaction scores in the hospitality industry, fuels local economic prosperity by investing in communities and is committed to environmental stewardship and sustainability.

HEI's portfolio of owned and managed hotels is currently at 43 properties (12,090 keys): 16 hotels owned by HEI (4,000 keys) and 27 hotels managed for third parties (8,090 keys). For more information about HEI, visit the company's website, www.heihotels.com.

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