HWE Represents Encore in 29-Hotel Sale
AUGUST 13, 2007. Hodges Ward Elliott (HWE), the nation's premier hotel brokerage and investment banking firm, today announced the sale of a 29-property portfolio on behalf of Encore Hospitality to an unnamed buyer for an undisclosed amount.
The portfolio comprises Marriott- and Hilton-branded select-service properties located in 13 states. The transaction team was spearheaded by hotel real estate industry veterans Mark Elliott and John Sonnier and pushes HWE's year-to-date transaction volume to well in excess of $3 billion.
"Our international marketing effort and high quality of the assets attracted a great deal of industry interest and generated numerous offers," said Elliott, HWE principal.
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 
