HVS Hodges Ward Elliott Advises REIT Asset Management on Sale of Three Hotels
JULY 15, 2008. REIT Asset Management, advised by HVS Hodges Ward Elliott, has sold three hotels from its Brentwood Hotels portfolio to Moorfield Real Estate Fund II, managed by Moorfield Group. The hotels, which have 182 rooms in total, are the St George Hotel in Harrogate, the Eden Arms Hotel in Rushyford and the George Hotel in Chollerford. The hotels were operated under the Swallow Hotels brand; under Moorfield's ownership the operation has transferred to Shearings.
HVS Hodges Ward Elliott is acting as agent on behalf of REIT Asset Management for the Brentwood Hotels portfolio.
HVS Hodges Ward Elliot is a joint venture between the leading European hotel consultancy firm HVS International and the leading US hotel real estate brokerage and investment banking firm Hodges Ward Elliott. HVS Hodges Ward Elliott acts as broker and investment advisor in European hotel real estate markets, and focuses on disposition advisory services.
REIT Asset Management is a specialist investment, finance and asset management partnership with offices in London, Stockholm, Munich, Istanbul, Tel Aviv and Mumbai. REIT's core business is the creation, promotion and subsequent management of property investment vehicles on behalf of both institutional and private clients.
Moorfield Group is a real estate private equity fund manager and investor with some lb3 billion currently under management through the Moorfield Real Estate Funds (MREFI and MREFII). MREFII currently has c.lb400m of unleveraged equity available to invest in real estate or real estate related opportunities in the UK.
Shearings Holidays is one of the UK's leading holiday companies specialising in holidays for the mature customer. The company employs over 3,000 staff throughout the group, which also includes a chain of 44 hotels and 8 high street travelshops selling a variety of holiday and travel related services.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
