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HEI Hotels & Resorts, one of the nation's leading operators of institutionally owned hotels, has added Tapatio Springs Hill Country Resortin Boerne, Texas to its growing portfolio of luxury, upper-upscale and upscale independent and branded hotels and resorts throughout the United States; a portfolio which now numbers more than 100 properties. Owned by L&R Hotels, Tapatio Springs Hill Country Resort was established in 1981 and represented the first golf resort and conference destination in the state of Texas. The resort features 111 rooms, approximately 13,200 SF of meeting space, two F&B outlets, an outdoor swimming pool, and an 18-hole championship golf course. It is located in the heart of the famed Texas Hill Country and is within driving distance of Texas' four major metropolitan areas: San Antonio, Austin, Dallas and Houston. "HEI's growing relationship with L+R Hotels is rewarding as we continue to align our mutual objectives to maximize operating performance and value of high-quality assets like Tapatio Springs Hill Country Resort," said HEI Hotels & Resorts CEO and Managing Partner, Anthony Rutledge. "HEI's management platform and track record of excellence will help to bolster this property's status as a destination in demand." In addition to expanding its long-standing relationship with HEI Hotels & Resorts, L&R has partnered with Troon to oversee Tapatio Springs Resort's golf operations and membership programs. L&R, HEI and Troon will work closely together to further enhance Tapatio Springs Resort's recognition as a premier golf and resort destination in the state of Texas. "We are excited to begin a new relationship with L&R and to expand our highly successful relationship with HEI," said Troon Chief Operating Officer Mike Ryan. "Tapatio Springs joins our portfolio of highly sought after U.S. and Texas club destinations and is ideal for golf enthusiasts seeing authentic Texas golf experiences." About HEI Hotels & Resorts HEI Hotels & Resor

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