Norwalk, CT – HEI Resorts & Resorts, one of many nation’s main operators of institutionally owned resorts with a portfolio of greater than 100 properties throughout the USA, in the present day introduced that it has assumed administration of the 143-key Aloft Phoenix-Airport in Phoenix, AZ, becoming a member of HEI’s quickly rising portfolio of premium-branded, select-service resorts. The RADCO Firms lately acquired the property.
We’re extraordinarily happy to construct a brand new partnership with The RADCO Firms as we intention to align our mutual targets to maximise worth of institutional-quality property. HEI’s administration platform and repositioning expertise will assist to additional set up the Aloft as one of many airport’s premium lodging choices. Greg Mendell, VP of Investments at HEI
The Aloft Phoenix-Airport is exceptionally situated adjoining to the Phoenix Sky Harbor Worldwide Airport and presents friends an out of doors pool, health middle, airport shuttle, 588 sq. ft of assembly area, and foyer bar.
The RADCO Firms
RADCO was based in 1994 with the mission of “Constructing Higher Dwelling.” Based mostly in Atlanta, RADCO is a nationwide actual property firm that makes a speciality of the acquisition and redevelopment of value-add multifamily and hospitality investments throughout the Southeast and Central US. Over the previous 10 years, the agency has acquired and invested in roughly 31,000 items in 17 markets, acquired 12 hospitality property, and accomplished greater than 100 offers totaling greater than $3.3 billion. For extra info, please go to https://www.radco.us.
About HEI Resorts & Resorts
HEI Resorts & Resorts, headquartered in Norwalk, Conn., is a number one hospitality funding and administration firm that owns or operates greater than 100 luxurious, upper-upscale and upscale impartial and branded resorts and resorts all through the USA. HEI’s branding companions embody Marriott, Hilton, Hyatt, IHG, Alternative and Wyndham. The corporate is famend for its dedication to its associates below the tradition of HEI Loves, its income administration, revenue contribution and empirically primarily based actual property worth creation, pushed by a full complement of proprietary software program instruments to set and exceed targets on a completely built-in foundation. HEI works hand-in-hand with institutional capital companions on current property below administration in addition to sponsored acquisition alternatives. The corporate has ample fairness capital and strategically co-invests with its companions on many transactions. To be taught extra about HEI, please go to www.heihotels.com.
