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Hodges Ward Elliott Brokers Receivership Sale of TownePlace Suites in Utah

VERNAL, Utah, March 3, 2021 /PRNewswire/ --A Hodges Ward Elliott ("HWE"), the premier boutique real estate capital markets advisor, announced it arranged the sale of the 85-key TownePlace Suites, in Vernal, UT.An HWE team composed of Clint Hodges, B.J. Patel, and Cory Carter advised the special servicer in the receivership sale of the Hotel, which was marketed on the Ten-X auction platform. Conveniently situated off US Highway 191, the primary north-south thoroughfare for the state of Utah, the premium branded hotel features contemporary guest room amenities, a fitness center, and business center. The hotel is ideally positioned proximate to numerous demand generators including the Uintah Recreation District, Uintah Conference Center, Simplot Phosphates, and the Vernal Regional Airport.About Hodges Ward Elliott:Hodges Ward Elliott ("HWE") is the premier boutique real estate capital markets advisor, empowered to deliver exceptional results across a broad spectrum of business lines and product types.A  HWE's multi-disciplined platform includes commercial, hotel and debt capital markets teams, with offices in Atlanta, Chicago, Dallas, Los Angeles, New York, Miami, Washington D.C., and London.A  As a privately held company, HWE is dedicated to cultivating long-term client relationships and takes pride in the reputation and track record established over its 45-year history. HWE has closed over $70 billion of transactions, including more than $26 billion over the past 5 years.
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