Clark
Hanrattie, a 23-year veteran of HEI, will replace Anthony Rutledge, who has
served as CEO since 2012.
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.