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Subsidiary of HEI, will Manage |
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NORWALK, Conn./FORT LAUDERDALE, Fla., September 27, 2004 � HEI Hospitality,
a privately held hospitality investment firm, today announced that it had
acquired the Renaissance Fort Lauderdale Hotel in Florida from Miami Beach-based
LNR for an undisclosed amount. Merritt Hospitality, a wholly owned
subsidiary of HEI, will manage the hotel.
Built in 2001, the 233-room hotel, located at 1617 South East 17th Street, holds the AAA four-diamond designation. The hotel features an island colonial decor and deluxe guest rooms equipped with 2-line telephones, data ports, and high-speed Internet access. Hotel amenities include wireless Internet service (WiFi) in the public areas and the nearly 10,000 square feet of meeting space; a four diamond restaurant, Darryl and Oliver�s Bistro 17; Starbucks Coffee; 17th Street Lounge; outdoor pool; fitness center; and concierge service. �The hotel is in excellent physical condition,� said Stephen Mendell, executive vice president-acquisitions & development. �The $2 million in renovations we have planned for the property will be earmarked primarily for updating �back-of-the-house� systems to our immediate standards, with the remainder going to guest rooms and public spaces.� Molinaro Koger represented the seller in the transaction. HEI Hospitality, headquartered in Norwalk, Conn., is an ownership/investment firm that owns and/or operates 24 first-class and full-service hotels throughout the United States under such well-known brand names as Marriott, Sheraton, Westin and Hilton. Merritt Hospitality is an independent hotel management company and a wholly-owned subsidiary of HEI Hospitality. |
Contact:
Sue Broderick
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Also See: | Concord Hospitality Opens the $37 million Renaissance Fort Lauderdale Hotel / June 2001 |
Susan E. Rachek Appointed General Manager at the Renaissance Fort Lauderdale Hotel / Aug 2002 |