Atlanta, GA – April XX, 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 announcing they represented Time Warner Inc. in the company’s recent sale of its remaining 50% interest stake in the Omni Atlanta Hotel at CNN Center to Omni Hotels & Resorts.
William M. Hodges, Chairman and CEO, and Mark Elliott, President, represented Time Warner in the transaction.
With this transaction, Omni Hotel & Resorts now has full ownership and management of the property. Omni had previously closed a deal in 2000 with Turner Broadcasting, a division of Time Warner, to purchase the south tower of the hotel and build a new 600-room north tower, which opened in 2003.
Located in downtown Atlanta, the Omni Atlanta Hotel connects to the CNN Center, Georgia World Congress Center, and the College Football Hall of Fame. The property features 1,059 guest rooms and suites and 45 meeting rooms with more than 120,000 square feet of function space, including a 19,864 square-foot Grand Ballroom.