HEI Adds The American Hotel Atlanta Downtown, Tapestry Collection by Hilton to Its Portfolio of Properties Managed
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, has added The American Hotel Atlanta Downtown, Tapestry Collection by Hilton to its portfolio, bringing the total number of hotels managed in the metropolitan Atlanta market to 15.
The 315-key Tapestry Collection hotel is in the downtown Fairlie District and nearby popular attractions such as State Farm Arena, Mercedes-Benz stadium and Centennial Park. The hotel, which features an outdoor pool, fitness center, on-site restaurant and bar Social62, and more than 20,000 square feet of meeting space, recently completed a transformative renovation and conversion to the Tapestry Collection brand.
"We appreciate the opportunity to add another exceptional RADCO Companies property to our portfolio of hotels managed for them," said Anthony Rutledge, CEO at HEI. "The Atlanta market remains strong and The American Hotel Atlanta Downtown, Tapestry Collection by Hilton hotel is primed to capitalize on the demand."
The RADCO CompaniesRADCO 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
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.
