HEI Hotels & Resorts has announced that Clark Hanrattie has been promoted to CEO and managing partner. Effective July 1st, Hanrattie will succeed Anthony Rutledge, who has held the 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.”
A partner at HEI for 23 years and an industry veteran for over 30 years, Hanrattie’s track record includes the acquisition, revenue management and expense management of more than 175 hotels, with transaction value exceeding $9 billion. He 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 left in 2004 to join HEI to bolster its owner/operator business model.
“I would like to congratulate Clark on his new role,” said Anthony 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.”
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. Hanrattie will be laser-focused on charting a course that continues to drive HEI’s returns to its ownership and branding partners.
“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.
Hanrattie has played an integral role in driving the growth of HEI’s portfolio from 35 to over 100 hotels and has been an active leader working with all divisions across HEI.
“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,” Hanrattie added. “Against the profound impact of HEI Loves on the thousands of associates and families counting on us, I will make it our mission to carry forward the continued evolution of HEI Loves as one of our forefront priorities.”
Headquartered in Norwalk, Conn., HEI Hotels & Resorts is a hospitality investment and management company that operates more than 100 luxury, upper-upscale and upscale independent, boutique, lifestyle and branded hotels and resorts throughout the United States.