PRESS RELEASE | HODGES WARD ELLIOTT, INC. ADVISES ON THE SALE OF THE DUAL-BRANDED HILTON GARDEN INN/HOMEWOOD SUITES BY HILTON ATLANTA MIDTOWN

FOR IMMEDIATE RELEASE

Atlanta, GA - May 1, 2015 -       Hodges Ward Elliott (“HWE”) is pleased to have represented North Point Hospitality Group, Inc. in the sale of the dual-branded Hilton Garden Inn/Homewood Suites Atlanta Midtown. Carey Watermark Investors Incorporated purchased the 12-story, 228-key hotel, located in the heart of Atlanta’s Midtown district and immediately adjacent to Interstate 75/85. The property includes 136 Hilton Garden Inn units, 92 Homewood Suites by Hilton units and 3,027 square feet of meeting space.

About Hodges Ward Elliott

HWE is the leading hotel brokerage and investment-banking firm in the country providing total capital solutions, including hotel sales, recapitalizations and debt placement for our clients.  Over the past 5 years, HWE has sold or financed more than $17 billion of hotels and resorts across the U.S. and Europe.  

About North Point Hospitality

Based in Atlanta, GA, North Point Hospitality Group is an award-winning hotel development and operations company. Since 1992, North Point has developed 25 hotels from the ground up with a total investment over $385 million. Currently the company owns and operates seven Hilton branded hotels in the Southeast with another 6 hotels under development, in addition to the SpringHill Suites by Marriott Lumberton, NC, the Fairfield Inn & Suites by Marriott Savannah Midtown and the Homewood Suites by Hilton Savannah Historic District / Riverfront, which are currently under construction.