Norwalk, CT (May 31, 2023) – HEI Hotels & Resorts, one of the nation’s leading operators of institutionally owned full-service hotels with a portfolio of more than 100 properties across the United States, announced that it has assumed management of the 360-room Crowne Plaza Hotel and the 102-unit Staybridge Suites Hotel, a dual-branded hotel complex in Midtown Atlanta, Georgia. Owned by affiliates of Ramsfield Hospitality Finance and funds managed by AB CarVal, the hotels are located in the heart of Atlanta’s thriving Midtown district and just minutes from downtown, Georgia Tech University, Coca-Cola World Headquarters, Mercedes Benz Stadium, the Georgia World Congress Center, Hartsfield-Jackson International Airport, and the Buckhead Business District.
“We are pleased to have HEI engaged as manager of these Midtown Atlanta assets and look forward to the next chapter for these strategically positioned hotels,” said Richard Mandel, President of Ramsfield Hospitality Finance.
“We are honored to grow our relationship with Ramsfield Hospitality Finance through these unique, dual-branded assets,” said HEI Hotels & Resorts CEO and Managing Partner, Anthony Rutledge. “HEI’s management platform and repositioning skills will help to establish the Crowne Plaza and Staybridge Suites hotels as premier, high-value lodging experiences for visitors to the Midtown Atlanta community, and we are excited to drive value on their behalf.”
The Crowne Plaza provides an outdoor swimming pool, a fitness center, and 17 meeting rooms that comprise nearly 31,000 square feet of meeting and event space, including a 6,000-square-foot ballroom. The hotel’s food and beverage facilities include a restaurant, a lobby lounge, and a grab & go coffee shop. The Staybridge Suites provides 102 units. It shares recreational facilities and amenities with the Crowne Plaza and offers a complimentary continental breakfast. Renovations of the hotel’s meeting and banquet space are under way with completion anticipated in summer 2023.