Hodges Ward Elliott Completes Financing for Denver Ritz-Carlton
OCTOBER 2, 2008. Hodges Ward Elliott (HWE), the nation's premier hotel brokerage and investment banking firm, today announced completion of a $55 million mortgage loan for the Ritz-Carlton Denver, a 202-room luxury hotel. HWE represented the owner, CJS Hotel, LLC, in the transaction.
"Despite the recent turmoil in the market, financing for upscale and luxury hotels remains available," said Mark Elliott, principal of Hodges Ward Elliott. "Current economic concerns dictate that new financing will require more expertise and creativity to bring these loans to completion. We have more than two decades of financing experience and expect to continue to be a major player in this segment in the coming months, especially when the current logjam in transactions begins to resolve itself."
Located at 1881 Curtis Street in downtown Denver, the Ritz-Carlton boasts the largest number of guest rooms in the city. The hotel's signature restaurant, Elway's, named for Denver Bronco quarterback and NFL Hall of Fame inductee John Elway, offers an exceptional food and wine experience and is popular with both locals and hotel guests. In addition, the hotel has 13,000 square feet of flexible meeting space.
Founded in 1975, HWE is the world's leading hotel brokerage and investment firm, completing more than $20 billion in hospitality real estate and investment banking transactions over the past 11 years. The company provides brokerage and investment banking services through four divisions: the HWE Full-Service/Luxury Hotel and Resort Division, which concentrates on assets valued at greater than $10 million; the International Division, which provides hospitality real estate services through its London office, the Focused-Service Division, which concentrates on hospitality transactions up to $10 million and the Golf Division.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
