Hodges Ward Elliott Arranges Sale of Washington Park Hotel
HWE completes transaction selling 181-room hotel in Miami Beach, FL
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MIAMI, Feb. 23, 2021 /PRNewswire/ --
Hodges Ward Elliott ("HWE"), the premier boutique real estate capital markets advisor, arranged the sale of the
Washington Park Hotel, a 181-room property located at 1050 Washington Avenue in Miami Beach, FL.
An HWE team composed of
Max Comess, Managing Director, Rudy Reudelhuber, Managing Director, and Alexandra Lalos,
Director, represented the seller, a New York-based lender, in the transaction.
"We were extremely pleased with the high level of interest in this offering from traditional and non-traditional groups based across the country," said Comess of HWE. "There seems to be unprecedented demand from investors today to enter the South Florida lodging market while there is a dearth of actionable investment opportunities on the market."