Hodges Ward Elliott Brokered Sale Of Best Western Palmetto Inn Manning, SC

. October 22, 2008

OCTOBER 21, 2008. RAGHUVANS, LLC has acquired the 57 room BEST WESTERN PALMETTO INN In Manning, South Carolina for $1,750,000. Atlanta, GA based Hodges Ward Elliott Focused Service Division brokered the transaction for the seller, EWS INVESTMENTS, LLC, a South Carolina corporation. The newly renovated property will continue its affiliation with the Best Western brand.

About Hodges Ward Elliott Focused Service Division

Hodges Ward Elliott's division, Focused Service, was created to service the needs of clients specifically interested in the sale of assets valued at $10 million and under. Hodges Ward Elliott year to date transaction volumes through end of August 2008 of 50 properties sold representing a value of approximately $1.4 billion dollars.

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