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NYC Hospitality Sector Continues Recovery as Travel Surges and Hotels Reopen
Hodges Ward Elliott | September 23, 2022
New York, NY – September 20, 2022 – As the U.S. continues to recover from the events of the last two years, New York City tourism is returning to pre-pandemic levels as both international and business travel to the area has surged over the past few months. In addition, the reopening of numerous hotels throughout the City, as well as the return of Broadway shows, has also stoked the market which bodes well for the future health of the New York City hospitality sector. These are some of the major takeaways from the New York City Q2 2022 hospitality market report, released by Hodges Ward Elliott ("HWE"), the premier boutique real estate c...
Wolfgramm Capital Acquires Avatar Hotel Group Portfolio and Management Company
Hodges Ward Elliott | February 9, 2022
DALLAS, Feb. 9, 2022 -- Hodges Ward Elliott ("HWE"), the premier boutique real estate capital markets advisor, announced it has arranged the fee-simple sale of the entire hotel portfolio for Avatar Hotel Group ("Avatar"), comprised of three select-service hotels in Texas with 280 rooms in total, to Wolfgramm Capital. Wolfgramm Capital also purchased and assumed Avatar's management company. In addition, HWE negotiated a separate transaction on behalf of Avatar selling a nearly three-acre development site in Plano, Texas pre-approved for a Home2 Suites development, to another buyer. An HWE team led by Austin Brooks advised the selle...
Hodges Ward Elliott Mourns the Passing of President Mark Elliott
June 15, 2021
Hodges Ward Elliott (HWE) is saddened to share the news that company President Mark Elliott passed away unexpectedly on June 12th. Mark joined the firm in 1983 and has served as the strategic leader of the firm’s various business lines for nearly forty years. Along with his partners, he dedicated his career towards shaping the culture of HWE and his steady-hand approach remains a central pillar of the firm’s overall philosophy. Mark is also one of the true legends in the hospitality industry and over the course of his career, he sold more hotels than any other individual in the United States. He was a past co-chairman of Industry ...
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