Two months after selling two hotels in Philadelphia, HEI Hotels & Resorts, a Norwalk, Conn.-based investor in hotel properties, has sold the 293-suite Embassy Suites Irvine-Orange County Airport for an undisclosed price.
"With the comprehensive renovation completed in 2008, we have achieved our long-term ownership vision for this hotel," said Steve Mendell, HEI's president for acquisitions and development. "Combining our intimate knowledge of both the hotel and the market, however, we believe we will continue to add value to this asset as a third-party operator."
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