HRI Properties Acquires Doubletree Suites Salt Lake City
NEW ORLEANS - March 4, 2015 - HRI Properties, LLC (HRI) has acquired the DoubleTree Suites in downtown Salt Lake City, bringing its ownership and management expertise to this thriving market.
The 241-room DoubleTree Suites hotel is located at 110 West 600 South Street and features approximately 6,014 square feet of flexible meeting space as well as a business center, indoor pool and hot tub, fitness center, guest laundry, 207 on-site parking spots, Stephen's American Bistro and Bar 110 West. The property recently received over $6M in capital improvements and is in great physical shape, which will only be further improved by HRI's planned $2.5M of property enhancements.
"We're excited about being a part of Salt Lake City's continued success," said Tom Leonhard, president and chief operating officer of HRI Properties. "Utah and Salt Lake City are showing tremendous growth and opportunity, and this property will continue to be an important part of the city's dynamic downtown."
Conveniently located at the corner of Temple and West 600 South Street, the hotel is a prime option for both tourists and business visitors. It's near the shopping and entertainment at City Creek Center and Energy Solutions Arena as well as the Church of Latter Day Saints and the Salt Palace Convention Center. It's less than 40 minutes away from Park City and within driving distance to many of Utah's national and state parks.
"We have a best-in-class team and full resources in place to continue providing the excellent service the DoubleTree Suites Salt Lake City is known for," said Gary Gutierrez, president of HRI Lodging, LLC. HRI Lodging continues to aggressively grow nationally through its development, acquisition, joint venture and third-party management activities.
About HRI Lodging
HRI Lodging, LLC (HRIL) is one of the 50 largest hotel management companies in the U.S. with a current portfolio of 19 hotels and resorts spanning the continental U.S. By building alliances with major domestic and international investment firms, the organization pursues a dual mode growth strategy of managing independent, boutique properties as well as partnering with industry leading brands, including Marriott, Hilton, Hyatt, Starwood and Intercontinental Hotel Group. HRI Lodging is the hotel management division of New Orleans-based HRI Properties, a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI's mission is: Revitalizing Cities by Creating Diverse, Vibrant and Sustainable Communities.
About HRI Properties
Founded in New Orleans in 1982 by Edward B. Boettner (1933-2000) and Pres Kabacoff, HRI Properties (HRI) is dedicated to the pursuit of rebuilding neighborhoods and recreating entire communities. Through its subsidiaries, HRI has completed 70 large-scale projects for a total funding value of $2 billion which include 5,114 apartment units, 4,116 hotel rooms, and more than 1,300,000 square feet of office and retail space. HRI is a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI's mission is - Revitalizing Cities by Creating Diverse, Vibrant and Sustainable Communities. For more information, please visit our website at www.hriproperties.com.
About DoubleTree By Hilton
With a fast-growing, global collection of more than 400 upscale hotels in gateway cities, metropolitan areas and vacation destinations across six continents, every little thing we do at DoubleTree by Hilton inspires us to create a rewarding experience for our hotel guests, our Team Members and the communities we proudly serve. Our hospitality begins with a warm chocolate chip cookie welcome upon arrival and continues with the award-winning Hilton HHonors guest loyalty program, an array of fine services and amenities and our longstanding CARE Culture tradition that empowers Team Members to provide the special comforts and acts of kindness that make the traveler feel human again. To make reservations at any DoubleTree by Hilton hotel, travelers may visit our brand website at www.doubletree.com. Social media users may connect with us at www.facebook.com/doubletree, www.twitter.com/doubletree and www.youtube.com/doubletreehotels. For the latest news, story starters and fact sheets about our brand, reporters and bloggers may visit our DoubleTree by Hilton Global Media Center at news.doubletree.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
