Successful Sale of the Residence Inn by Hodges Ward Elliott
Hodges Ward Elliott (HWE) has accomplished another significant milestone by representing American Hotel Income Properties REIT LP in the sale of the 131-suite Residence Inn. This extended-stay hotel is strategically positioned in the bustling commercial district off I-95, making it a prime location within the area.
The Significance of the Residence Inn
With its 131 suites spread across four floors, the Residence Inn offers a variety of amenities that cater to both leisure and business travelers. Guests benefit from a modern fitness center, an inviting outdoor pool, and a sports court perfect for recreational activities. Additionally, the hotel includes a meeting room and complimentary breakfast, making it an appealing destination for all types of visitors.
Ideal Location for Lodging
This hotel is located within the master-planned White Marsh Town Center, which presents an array of retail options and is less than 15 miles from Downtown Baltimore. The surrounding area boasts over 19 million square feet of industrial and office space, demonstrating the hotel's strong potential for attracting corporate, government, and extended-stay visitors. This consistent demand ensures a thriving seven-day-a-week lodging market.
Acknowledging the Strong Demand
The competitive interest in this property underscores the robust presence of the Residence Inn brand and the appeal of extended-stay lodging in dynamic demand corridors. Nate Ries from Hodges Ward Elliott expressed that the competitive response to this offering illustrates both the stability of the brand and the active involvement of buyers in the extended-stay market.
Trust in Expertise
Clint Hodges also noted the trust placed in their team by the seller throughout this important transaction. HWE's expertise and commitment to guiding clients through complex sales showcases their dedication. The firm is looking forward to the new owner’s success with this popular hotel.
About Hodges Ward Elliott
Hodges Ward Elliott is recognized as a premier boutique real estate capital markets advisor. Their comprehensive platform accommodates hotel investment sales and debt capital markets, with prominent offices in major cities including Atlanta, Dallas, Denver, Los Angeles, New York, Miami, Orlando, Nashville, and London. With over 50 years of experience in the field, HWE has successfully closed more than $100 billion in transactions, with $50 billion completed since 2015.
Long-Term Relationships
As a privately held entity, Hodges Ward Elliott is committed to sustaining long-term relationships with their clients. They take pride in their established reputation, demonstrating their capability and reliability over decades in the industry.
Contact Information
For media inquiries, please contact Lauren Habig at lhabig@hodgeswardelliott.com.
Frequently Asked Questions
What role did Hodges Ward Elliott play in the hotel sale?
Hodges Ward Elliott represented American Hotel Income Properties REIT LP in the sale of the Residence Inn, ensuring a smooth transaction.
What amenities does the Residence Inn offer?
The Residence Inn features 131 suites, a fitness center, outdoor pool, sports court, meeting room, and complimentary breakfast for its guests.
Why is location important for the Residence Inn?
Its location within the White Marsh Town Center provides guests with access to retail amenities and proximity to significant office and industrial space, attracting a diverse guest demographic.
How has HWE established its reputation in the industry?
With over 50 years in the business and billions in closed transactions, HWE is known for its expertise and commitment to client satisfaction.
Who can I contact for more information?
You can reach out to Lauren Habig at Hodges Ward Elliott via email at lhabig@hodgeswardelliott.com.
