News & Analysis » US

HEI Hotels Sells Two Philadelphia Hotels To LaSalle Hotel Properties - Quick Facts

(RTTNews) - HEI Hotels & Resorts Thursday said that it has sold two of its Philadelphia hotels, the 294-room Westin Philadelphia and the 288-room Embassy Suites Philadelphia-Center City, to real estate investment trust LaSalle Hotel Properties (LHO) for an undisclosed amount. Under the terms of the deal HEI will continue to operate the hotels on behalf of its new owners.

"While our strategic plans included the eventual sale of these two quality assets, our continued management of the hotels allows HEI to maintain its strong presence in the Philadelphia marketplace," said Steve Mendell, president??”acquisitions and development.

Westin Philadelphia, which is located at 99 South 17th Street at Liberty Place, offers spacious Grand Luxury suites and also amenities like a 24-hour business center, workout fitness center, indoor pool, sauna, the contemporary cuisine Citygrange restaurant, and seven meeting rooms totaling 17,424 square feet of flexible space.

The Embassy Suites Philadelphia - Center City is nestled in the heart of Philadelphia's business district, just eight miles from Philadelphia International Airport. The hotel features a business center, fitness room, indoor pool, meeting space for up to 120 people, on-site T.G.I. Friday's, complimentary, cooked-to-order breakfast and nightly manager's reception.