Home Hotel service Hodges Ward Elliott is arranging the sale of a hotel portfolio of three properties and 376 rooms

Hodges Ward Elliott is arranging the sale of a hotel portfolio of three properties and 376 rooms

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ATLANTE, February 28, 2022 /PRNewswire/ — Hodges Ward Elliott (“HWE”), the leading real estate capital markets adviser, announced the sale of a three-property, 376-room hotel portfolio (the “Portfolio”), located in PortlandEugene and Pittsburgh submarkets.

The portfolio includes the 137 Aloft Hillsboro-Beaverton rooms built in 2017; the 120-room Home2 Suites Eugene Downtown University Area built in 2016; and the 119-room Home2 Suites Pittsburgh/McCandless built in 2013. The three newly built hotel properties each enjoy exceptional locations in their submarkets and benefit from their upscale brand image, young middle age and a diverse set of business, educational and leisure services. demand generators.

The properties were developed, owned and operated by the vendor, Widewaters Hotels of Syracuse, NY. HWE conducted a competitive marketing process that generated strong interest and received multiple offers from a wide range of buyer types that ultimately led to a single transaction with Peachtree Hotel Group.

“The sale of these assets further demonstrates investor interest in the selected service category,” said Clint Hodges, CEO of HWE. “We were delighted to find a single buyer for this portfolio of well-built, upscale hotels in the growing Northeast and Northwest submarkets.”

On Hodges Ward Elliott:

Hodges Ward Elliott (“HWE”) is the premier real estate capital markets advisor, empowered to deliver exceptional results across a wide range of industries and product types. HWE’s multidisciplinary platform includes commercial, hospitality and debt capital markets teams, with offices in Atlanta, Chicago, dallas, Los Angeles, new York, Miami, washington d.c.and London. As a privately held company, HWE is dedicated to cultivating long term customer relationships and is proud of the reputation and track record established over its 47 year history. HWE has closed $80 billion transactions, including more than $35 billion since 2015. For more information, please visit https://hodgeswardelliott.com/.

Contact: Big Ink – 908-392-0333, Tom Nolan ([email protected])

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