Lodging investment firm HEI Hospitality plans to acquire and develop up to $1 billion in hotel real estate this year, in addition to changing its name to HEI Hotels & Resorts. The company focuses on developing hotel brands such as Marriott, Westin, W and Hilton, and HEI's CEO stated the company's commitment to investing $500 million to $1 billion a year in hotel-related real estate, for the foreseeable future.

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