January 17, 2023
HEI Hotels & Resorts, one of the nation’s leading operators of institutionally owned full-service hotels with a portfolio of 100+ properties across the United States, recently announced that it has assumed management of the 326-room Westin San Antonio North Hotel in San Antonio, Texas. Owned by L+R Hotels, the Westin overlooks the rolling Texas Hill Country landscape and is close to the area’s most exciting visitor attractions and many corporate headquarters offices.
“We are pleased to expand our relationship with HEI through their management of this signature Westin hotel located in one of San Antonio’s premier submarkets,” said Neil Kirk, COO of L+R Hotels, which owns the hotel.
“HEI’s growing relationship with L+R Hotels is rewarding as we continue to align our mutual objectives to maximize operating performance and value of high-quality assets, such as the Westin San Antonio North,” said HEI Hotels & Resorts CEO and Managing Partner Anthony Rutledge. “HEI’s management platform and repositioning skills will help to further establish the hotel as one of San Antonio’s premier lodging experiences.”
The Westin San Antonio North provides indoor and outdoor swimming pools and nine meeting rooms that comprise nearly 25,000 square feet of meeting and event space, including a 9,900-square foot ballroom. The hotel’s food and beverage facilities include a three-meal restaurant, a coffee shop and a lobby lounge. A comprehensive renovation of the hotel is in the planning stages with completion anticipated in late 2023.
About HEI Hotels & Resorts
HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment and management company that owns or operates 100+ luxury, upper-upscale and upscale independent and branded hotels and resorts throughout the United States. HEI’s branding partners include Marriott, Hilton, Hyatt, IHG, Choice and Wyndham. The company is renowned for its commitment to its associates under the culture of HEI Loves, its revenue management, profit contribution and empirically based real estate value creation, driven by a full complement of proprietary software tools to set and exceed targets on a fully integrated basis. HEI works hand-in-hand with institutional capital partners on existing assets under management as well as sponsored acquisition opportunities. The company has ample equity capital and strategically co-invests with its partners on many transactions. To learn more about HEI, please visit www.heihotels.com.
Headquartered in London, L+R Hotels, owned by brothers Ian and Richard Livingstone, is a dynamic, highly motivated global private investment company, creating lasting value for investors and communities. L+R Hotels invests where there is true potential, constantly developing its portfolio through shrewd investment, anticipating and responding to market developments. Through dedicated ownership, L+R Hotels has the advantage of investing with patient capital, without the pressure to satisfy short-term return criteria. The company recognizes and builds on the strengths of its properties and people, equally valuing our employees, guests and investors.
L+R Hotels has built an impressive portfolio with over 23,000 guestrooms across 114 hotels in the UK, Continental Europe, the US and the Caribbean which it owns and operates. The continually evolving portfolio ranges from select service hotels in the UK to five-star assets in Europe’s most sought-after cities and breath-taking leisure resorts further afield – including London, Barcelona, Ibiza, Mallorca, Monte Carlo, Miami, Barbados, Grand Cayman, Turks and Caicos and Venice. The L+R Hotels portfolio within the US has recently enjoyed rapid growth, more than doubling since 2019. Now boasting over 6,000 keys, L+R Hotels now operates in all key markets such as Miami, Dallas, Houston, Los Angeles and Austin.