Hei Assumes Management of Austin Southpark Hotel
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.
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 
