HEI partners with L+R in Florida

NORWALK, Connecticut – HEI Hotels & Resorts has struck a deal with London-based L+R Hotels to manage a portfolio of four Marriott-branded hotels with 1,590 rooms in the Lake Buena Vista area of Orlando, Florida. The news comes as privately-owned L+R has stated its interest in growing its North American portfolio.

“The relationship between HEI and L+R Hotels has expanded by identifying opportunites in key markets where we can effectively align our mutual objectives to maximize market positioning and deploy operating efficiencies and creative strategies”, said HEI Hotels & Resorts CEO and Managing Partner Anthony Rutledge.

The hotels joining the HEI portfolio include the Sheraton Orlando Lake Buena Vista Resort and three hotels that make up the Marriott Orlando Village complex: the Courtyard by Marriott, the SpringHill Suites by Marriott and the Fairfield Inn & Suites by Marriott.

The 490-room Sheraton Resort is actively completing a comprehensive renovation of all guest rooms, public spaces and approximately 40,000 square feet of outdoor and indoor meeting space. The Marriott Village hotels comprise 1,100 rooms.

HEI, which owns or operates approximately 100 luxury, upper-upscale and upscale independent and branded hotels and resorts throughout the U.S., added that its ability to complex multiple properties to execute an effective business plan is expected to bolster performance and generate value for this portfolio of Orlando hotels.

L+R Hotels, both and investor and operator, has a portfolio of more than 112 hotels, with 22,000 bedrooms across the U.K., Europe, the U.S., and the Caribbean. The continually evolving collection ranges from select-service hotels across the U.K., to 5-star assets in markets ranging from Barcelona, Marbella, Palm Beach, Grand Cayman and Ibiza, to London, Los Angeles, Mallorca, Monte Carlo, Turks and Caicos and Venice.