HEI promotes Clark Hanrattie to CEO

NORWALK, Connecticut — Norwalk, Connecticut-based HEI Hotels & Resorts has promoted Clark Hanrattie, a partner at HEI for 23 years and an industry veteran for over 30 years, to CEO and managing partner, effective July 1. Hanrattie will succeed Anthony Rutledge, who has held that role since 2012.

“I am honored to assume the role of CEO and managing partner with HEI,” said Hanrattie. “Anthony is someone whom I deeply respect. He has had an immeasurable positive impact on my life and career.  Together with Rachel Moniz and Dan Walworth, along with many other key leaders across the HEI team, we look forward to building on HEI’s legacy as an industry-leading company with strong and aligned personal relationships across our institutional investment community, brand partners and associates.”

HEI said after the transition date, Rutledge will remain a significant owner and partner at HEI.

“I would like to congratulate Clark on his new role,” said Rutledge. “With the unmatched platform we have built over several decades as a tried-and-true owner/operator focused solely on value creation, our unwavering culture of HEI Loves and a team of seasoned professionals, Clark’s relentless passion and deep experience across all of our investment and operating disciplines will drive us to new heights.”

Over his career, Hanrattie has been instrumental in the acquisition, revenue management, and expense management of more than 175 hotels, with transaction value exceeding $9 billion. Hanrattie began his career in 1993 at Olympus Real Estate, where he rose from analyst to partner, leading all hotel investment and asset management activities.

He joined HEI in 2004 to bolster its owner/operator business model and played an integral role in driving HEI’s portfolio growth from 35 to over 100 hotels.

“I am thrilled with the success of HEI under Anthony’s leadership and look forward to his continued contributions to our firm and our industry. Moving forward, I could not be more confident that Clark and our outstanding team will continue to capitalize on our unique DNA to maximize real estate value, all while simultaneously advancing the culture that has enabled HEI to thrive,” said Gary Mendell, HEI’s co-founder and chairman.

Under Rutledge’s leadership and tenure, HEI grew the real estate value of its third-party hotel and/or joint venture assets under management from $2 billion in 2012 to over $20 billion today. HEI said Hanrattie will continue to focus on driving HEI’s returns back to its ownership and branding partners.

“Hiring, retaining, and developing the very best people in our industry continues to be a major contributor to our owner/operator business model and the outsized returns to our ownership and branding partners,” said Hanrattie.