Hodges Ward Elliott (“HWE”), the world’s leading independent hotel brokerage, with offices in Atlanta, Los Angeles and London, announced the firm’s expansion into commercial investment sales with the establishment of a New York office, headed by Managing Director Will Silverman.
The announcement was made by Mark Elliott, HWE’s President and Partner.
The office, located at 1140 Avenue of the Americas, will house the firm’s first practice dedicated to commercial investment sales brokerage beyond the hospitality asset class, including retail, office, multifamily properties along with land.
With over $1.5 billion in hotel transactions in New York City this year, HWE is already one of the most active brokers in the market. Recent transactions include the $535 million sale of the Manhattan Times Square to an affiliate of Al Faisal Holdings, the $343 million sale of the New York EDITION Clocktower to ADIA.
Under the direction of Will Silverman, one of the leading investment sales professionals in