Hodges Ward Elliott Arranges Financing for Acquisition of Sirata Resort Beach Resort in St. Pete Beach

St. Pete Beach, FL– February 9, 2017 – 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, is pleased to announce that it has recently arranged the 65% LTC acquisition financing for the Sirata Beach Resort, a 15.4-acre beachfront hotel in St. Pete Beach, Florida.

The closing of the loan also marks the first transaction completed by HWE’s new Capital Markets group, led by Managing Director/Group Head, Lawrence Britvan. Since forming HWE’s Capital Markets group in October 2016, the team has ramped quickly under Mr. Britvan’s leadership with a robust transaction pipeline that currently features over $1.1 billion in active assignments, ranging from convention center hotel construction financing to large select-service portfolio refinancings.

Before joining HWE in October 2016, Mr. Britvan had previously served as Senior Managing Director at Cantor Commercial Real Estate.