Dive Brief:
- HEI Hotels & Resorts added two Atlanta-area hotels to its portfolio, the Norwalk, Connecticut-based hospitality management company announced Friday.
- HEI now manages the 174-room DoubleTree by Hilton Atlanta-Roswell and the 80-room DoubleTree by Hilton Atlanta-Alpharetta, both of which recently completed multimillion-dollar renovations.
- The additions bring HEI’s portfolio of hotels in the metropolitan area to 14 as the company feels “optimis[tic] regarding the Atlanta market,” which is in the midst of a hotel boom.
Dive Insight:
DoubleTree by Hilton Atlanta-Roswell is located off Turner McDonald Parkway and within three miles of downtown Roswell, Georgia, an Atlanta suburb. The property is within three miles of several office parks and includes an outdoor pool, fitness center, lobby bar and lounge. The hotel also offers 10,000 square feet of meeting space.
DoubleTree by Hilton Atlanta-Alpharetta is located one mile from U.S. Route 19, near several corporate offices and dining options in Alpharetta, Georgia, another Atlanta suburb. The hotel includes an outdoor pool, fitness and lobby bar, as well as an on-site restaurant and 748 square feet of meeting space. The property is near retail and entertainment destination Avalon and the Ameris Bank Amphitheater.
Both hotels underwent multimillion-dollar renovations led by Atlanta-based real estate company RADCO.
“We share [RADCO’s] optimism regarding the Atlanta market in general and look forward to capitalizing on the opportunities there to build market share for these properties, based on the strong demand generators in play,” said Anthony Rutledge, HEI’s CEO, in a statement.
HEI currently operates more than 100 properties across the U.S. for Hilton, Marriott International, IHG Hotels & Resorts, Choice Hotels International and Wyndham Hotels & Resorts.
As of the fourth quarter of 2023, Atlanta had the second-largest hotel pipeline in the world, according to Lodging Econometrics. The city’s robust meetings and events industry, coupled with high business travel volume, is fueling lodging demand in the metropolitan area, hotel experts previously told Hotel Dive.
Elsewhere in Roswell, Hyatt is developing a $30 million boutique hotel. And last week, $150 million boutique hotel development Forth Atlanta announced it will open this summer in the city’s Old Fourth Ward neighborhood.
