Hodges Ward Elliott Brokers Sale of Holiday Inn Express
Martinsville, Virginia
MARCH 24, 2009 - Hodges Ward Elliott's Focused Service Division is pleased to announce that they represented Innkeeper of Martinsville, Inc. as exclusive advisor in the sale of the Holiday Inn Express located in Martinsville, Virginia for an undisclosed price. The buyer is Philadelphia-based Martinsville Hospitality, LLC. The two-story, 70-room property located near the Martinsville International Raceway will undergo renovations and be repositioned to a Comfort Inn at the end of the year.
"We are honored and pleased to have represented this Seller in another successful disposition," said Anthony A. Falor, COO of Hodges Ward Elliott's Focused Service Division, who handled the transaction.
About Hodges Ward Elliott Focused Service Division
Hodges Ward Elliott's Focused Service Division was created to service the needs of clients specifically interested in the sale of assets valued at $10 million and under. Since 2006, HWE has sold approximately $900,000,000 in lodging properties in the under $10 million category. For more information, please e-mail or call Anthony Falor directly at Afalor@hwehotels.com or 404-238-0914.
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 
