Franklin Street Merges with Hodges Ward Elliott for Strategic Growth
Strategic investment will enhance client service and market reach
Franklin Street, a prominent full-service commercial real estate firm, has forged a significant partnership with Hodges Ward Elliott (HWE), a respected advisor in hospitality real estate. This collaboration aims to elevate client services and widen market exposure, forming a cohesive platform that benefits clients across diverse sectors in the industry.
Enhancing Market Reach Together
Franklin Street, known for its comprehensive real estate services, announced the integration of HWE, a firm lauded for its robust performance in hospitality transactions. HWE will maintain its established brand while providing clients with enhanced access to Franklin Street's extensive portfolio, which includes capabilities in project management, insurance, and property management.
Strategic Benefits for Clients
With HWE joining Franklin Street, clients can expect to experience the same high caliber of service they are accustomed to, but with added resources and a broader network of opportunities. HWE prides itself on its accomplished track record, having handled billions in real estate transactions. This alliance empowers both firms to deliver tailored solutions while maintaining their hallmark commitment to excellence in client service.
A Legacy of Success in Hospitality Real Estate
Under the leadership of its seasoned professionals, HWE has remarkably executed countless significant transactions, including numerous multi-million dollar deals. Their ability to navigate complex institutional transactions speaks volumes about their reputation as leaders in the hospitality sector. Tony DeSisto, President of Franklin Street, emphasized how this partnership aligns with the company's goals of expansion and client service excellence.
Transaction Highlights from HWE
Over the past five years, HWE successfully closed $17 billion in transactions, with over 30 transactions exceeding $100 million. Their impressive results include:
- 175 hotels sold in the $25 million and under range, totaling $2.5 billion.
- Highly successful deals in renowned locations, which further enhances their market presence.
These achievements reflect HWE's commitment to building strong, lasting client relationships through exceptional service and industry expertise.
Future Growth and Vision
Bill Hodges, CEO of HWE, remarked on the promising future this partnership heralds. He elaborated on the potential for growth and the opportunity to add top talent to their team, thereby expanding the scope and quality of services provided to clients.
Franklin Street is not only focused on growth but is also enhancing its geographic reach, strategically targeting top brokers in existing markets, and bolstering its services through collaborations like this. Recent expansions include new offices in major U.S. cities, signifying their commitment to becoming a leading national player in commercial real estate.
About Franklin Street and Hodges Ward Elliott
Franklin Street is a privately held, full-service commercial real estate firm offering tailored solutions nationwide. With historic roots tracing back to 2006, the firm prides itself on a team of leading professionals dedicated to client success and innovation. Their range of services includes Capital Markets, Insurance, Leasing, and Management.
Hodges Ward Elliott, celebrated for its excellence in hospitality-focused real estate advisory, commits to providing superior results with a team of experienced professionals. Their culture fosters collaboration and is directed towards placing client interests first in every engagement.
Frequently Asked Questions
What is the purpose of the merger between Franklin Street and HWE?
The merger aims to enhance client services, broaden market reach, and capitalize on both firms' strengths to deliver exceptional real estate solutions.
Will HWE continue to operate under its own name?
Yes, HWE will maintain its established brand while benefitting from the resources offered by Franklin Street.
What is HWE's expertise in the real estate sector?
HWE specializes in hospitality real estate capital advisory, with a proven track record in managing significant transactions.
How will this partnership impact clients?
Clients will see improved service offerings and access to a broader range of resources, thanks to the combined expertise of both firms.
What is Franklin Street's approach to growth?
Franklin Street emphasizes strategic growth through collaborations, geographic expansion, and investment in its people and services.
