ATLANTA, March 11, 2020 /PRNewswire/ — Hodges Ward Elliott (“HWE”), the premier boutique real estate capital markets advisor, announced it represented Pebblebrook Hotel Trust in the sale of both the 422-room InterContinental Buckhead Atlanta in Atlanta, Georgia and the 237-room Sofitel Washington D.C. Lafayette Square in Washington, D.C. The two properties sold for $331.0 million.
An HWE team composed of Mark Elliott, Dan Peek, Pete Dannemiller, Cyrus Vazifdar, Nate Ries and Jeff Berkman represented Pebblebrook Hotel Trust in the transaction. Managing Director and Head of Capital Markets Lawrence Britvan advised the buyer on the acquisition financing.
Built in 2004, the 422-key InterContinental Buckhead Atlanta is recognized for its large rooms, which feature luxurious four-fixture marble bathrooms. The hotel also offers contemporary amenities including an outdoor pool, the popular Jurlique Spa with five treatment rooms, gift shop, fitness center and the celebrated Southern Art & Bourbon Bar. The property includes 456 below-grade parking spaces as well as 31,000 square feet of indoor meeting space (including the 11,400-square-foot Windsor Ballroom) as well as 25,000 square feet of unique outdoor space.
Located just one block from the White House, the Sofitel Washington D.C. Lafayette Square occupies a historically significant 1920s-era building converted to hotel use in 2002. The 12-story hotel features 237 rooms (including 17 suites) and six meeting rooms comprising 5,500 square feet (including the 1,800-square-foot Paris Ballroom). The hotel offers a full array of luxury services and amenities, including a full selection of in-room spa services, fitness center and business center, as well as the Opaline Bar and Brasserie on-site restaurant.read full article