Hei Assumes Management of Austin Southpark Hotel

USA, Austin, Texas. January 23, 2023

HEI Hotels & Resorts, one of the nation's leading operators of institutionally owned full-service hotels with a portfolio of more than 90 properties across the United States, recently announced that it has assumed management of the 312-room Austin Southpark Hotel. Owned by L+R Hotels, Hotel Southpark is located in the heart of South Austin, Texas providing easy access to the best of the city and Austin's flourishing high-tech corridor.

"We are pleased to have HEI engaged as manager of this great asset and look forward to the next chapter for this hotel," said Neil Kirk, COO of L+R Hotels, which owns the hotel.

"We are thrilled to grow our relationship with L+R Hotels through this signature Austin, Texas asset," said HEI Hotels & Resorts CEO and Managing Partner, Anthony Rutledge. "With L+ R's recent acquisition of the hotel and their vision for a comprehensive renovation, HEI's management platform and repositioning skills will help to establish the hotel as one of the city's premier lodging experiences, and we are excited to drive value on their behalf."

Hotel Southpark participates in Marriott International's reservations system and will become a Tribute Portfolio hotel upon completion of a comprehensive renovation, anticipated in late 2023. The property provides a swimming pool and 15 meeting rooms that comprise more than 21,000 square feet of meeting and event space, including a 7,500-square foot ballroom and a theater-style meeting venue. The hotel's food and beverage facilities include a three-meal restaurant and a lobby lounge.

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