Gary Mendell
Gary Mendell
Gary Mendell is the Chairman of HEI Hotels & Resorts, and Founder & CEO of Shatterproof.org...
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HEI acquired more than $1.5 billion in hotels over the past 36 months. We believe the outlook for hotel investment remains quite positive. Our most recent fund, which will allow us to acquire approximately $1.5 billion in assets over the next 36 months, was originally targeted at $350 million, but became over-subscribed.
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We believe the long-term outlook for hotel investment remains quite attractive. While we are not driven by a specific timetable, our over- arching objective is to strategically invest $500 million annually over the next several years in the acquisition and development of primarily hotel- related opportunities. We have carefully assembled a first class investment team over the last several years, and our depth in this area continues to fuel a very active pipeline of prospective investment opportunities. HEI now has 13 professionals, with more than 185 years of collective experience, driving its acquisition and development effort with several additional positions to be filled in the coming months.