December 15, 2016 – Hodges Ward Elliott (“HWE”), the world’s leading independent hotel brokerage and investment-banking firm, with offices in New York, Atlanta, Los Angeles and London, represented the seller in the recently closed sale of the Embassy Suites Nashville Airport hotel, one of the largest hospitality assets near the popular Nashville International Airport.
HWE CEO Bill Hodges, President Mark Elliott, and Director Michael DiPrima advised the seller on the transaction and brokered the deal. The all-suite, 296-room hotel, was acquired by a private equity firm based in the Northeast along with Schulte Hospitality Group based out of Louisville. Schulte will also operate the hotel going forward.
“The strength of the Nashville hospitality market, great location and strong cash flow of the Embassy Suites Nashville Airport made it an attractive investment,” said Mr. Hodges. “We were able to market the property, identify a well-capitalized investor and complete the sale. This transaction worked out well for both the buyer and the seller and we are pleased to have brought this deal to a successful close.”