Hodges Ward Elliott
Hodges Ward Elliott is a boutique real estate capital markets advisor offering hotel investment brokerage, debt and equity placement, and loan sale advisory services to institutional REITs, hospitality operators, and private equity real estate investors across the U.S. and London.
- Company typePrivate
- Founded1974
- HeadquartersAtlanta, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Hodges Ward Elliott does
Hodges Ward Elliott (HWE) is a boutique real estate capital markets advisor founded in 1974 (as Hodges Ward Associates, with the current partnership formed in 1992) and headquartered in Atlanta, Georgia. The firm operates three interconnected business lines: Hotel Investment Advisory (brokerage and transaction support across all hotel types, with over 1,800 hotel transactions since 1990), a Capital Markets Group (debt and equity placement plus construction financing across all property types), and a Loan Sale Advisory platform (representation of lenders in disposing performing, sub-performing, and non-performing loans). Services are delivered by a team of approximately 20+ senior professionals organized across seven offices in the U.S. and London. HWE is the parent brand of the practice, which was acquired by Franklin Street in January 2026 while retaining its name, brand, and operating autonomy.
HWE generates revenue primarily through transaction-based fees: brokerage commissions on investment sales, advisory and placement fees on debt and equity capital raises, and advisory fees on loan sale mandates. Pricing is project-specific and quote-based, with no published tiers; engagements are relationship-driven rather than volume-distributed. Customer segments span institutional hotel REITs, hospitality operators, private equity real estate funds, family offices, commercial real estate investors, and lenders/special servicers. Marquee clients include Pebblebrook Hotel Trust, Sunstone Hotel Investors, Xenia Hotels & Resorts, TRT Holdings, Condor Hospitality Trust, The Canyon Group, Related Companies, SL Green, and Brickman/HK Organization, spanning transactions ranging from $36M apartment complex sales to $331M luxury hotel portfolio sales and $305M select-service portfolio dispositions.
Technology and platform infrastructure center on the firm's proprietary transactional dataset and data-driven underwriting approach rather than a software product. The firm maintains a professional website, LinkedIn/Facebook/Instagram presence, and a public deal-by-deal PR cadence through outlets such as PRNewswire, Hospitality Net, and citybiz. There is no evidence of a SaaS platform, API, mobile application, or AI/ML-native product offering. Distribution is exclusively direct — senior practitioners originate and execute mandates through face-to-face relationships, supported by industry events and thought-leadership content. Following the Franklin Street acquisition, HWE gains cross-sell access to insurance, leasing, and property management services, extending its addressable mandate scope beyond pure capital markets advisory.
Hodges Ward Elliott firmographics
Firmographics- Name
- Hodges Ward Elliott
- Legal name
- Hodges Ward Elliott
- Website
- https://hodgeswardelliott.com
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Hodges Ward Elliott is a boutique real estate capital markets advisor offering hotel investment brokerage, debt and equity placement, and loan sale advisory services to institutional REITs, hospitality operators, and private equity real estate investors across the U.S. and London.
- Ownership category
- akta.pro rank
Hodges Ward Elliott industry classification
Industry- Product category
- Real Estate Capital Markets Advisory
- NAICS
- Offices of Real Estate Agents and Brokers (5312), Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)
- akta.pro secondary industries
- Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), Real Estate Capital Markets Brokerage (Debt & Equity Placement) (FSAEAJAK), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)
Keywords
Where Hodges Ward Elliott is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Hodges Ward Elliott business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Capital Markets Advisory Fees: Fees earned from providing capital markets advisory services including debt placement, equity placement, and construction financing for real estate transactions
- Investment Sales Brokerage: Commission-based brokerage fees from representing buyers and sellers in hotel and commercial real estate investment transactions
- Loan Sale Advisory: Advisory fees from representing lenders in the strategic disposition of performing, sub-performing, and non-performing loans
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-specific advisory and brokerage services |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Hodges Ward Elliott product offering
Product offeringCore offering
Hodges Ward Elliott is a boutique real estate capital markets advisor that provides hotel investment sales brokerage, debt and equity placement, construction financing, and loan sale advisory services to institutional clients. Its multi-disciplined platform covers hotel, office, multifamily, retail, and mixed-use properties across all 50 U.S. states and internationally, with over $100 billion in closed transactions since inception and more than 1,800 hotel transactions since 1990.
Product overview
Hodges Ward Elliott (HWE) operates as a boutique real estate capital markets advisor with a multi-disciplined platform offering three interconnected business lines: Hotel Investment Advisory, Capital Markets Group, and Loan Sale Advisory. The Hotel Investment Advisory team provides hospitality-focused brokerage services, the Capital Markets Group delivers debt and equity financing solutions across all property types, and the Loan Sale Advisory platform handles debt portfolio dispositions. The firm specializes in high-value hospitality transactions with over $100 billion in closed transactions since 1990, including over $50 billion since 2015, and serves clients across all 50 U.S. states and all 50 most populous metro areas.
Differentiator
Problem solved
Functional benefit
Products and services
- Hotel Investment Advisory Hotel investment advisory services providing brokerage and transaction support across all hotel types, locations, and points in the capital stack. The team has completed over 1,800 hotel transactions since 1990 across all 50 states and all 50 most populous U.S. metro areas, serving hotel owners, REITs, and private equity real estate funds.
- Capital Markets Group Capital markets advisory services providing debt and equity financing solutions plus construction financing across all product types, territories, and transaction types. The team utilizes extensive Wall Street, real estate, and legal experience to secure favorable pricing, terms, and options for clients, including recapitalizations combining debt and equity capital.
- Loan Sale Advisory Loan sale advisory platform providing expertise in debt valuation and trading across all asset classes, geographies, performance categories, and market conditions. The team represents lenders in strategic disposition of performing, sub-performing, and non-performing loans in the secondary market, led by Michael Britvan.
Quantifiable outcome
- $100 billion+ in closed transactions over 50+ year history
- +2 more outcomes
Companies that use Hodges Ward Elliott
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Hodges Ward Elliott technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Hodges Ward Elliott partnerships and signals
Strategic signalScale indicators8 records
Recent moves7 records
Expansion highlights6 records
Hodges Ward Elliott competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Hodges Ward Elliott social profiles
Digital presenceHodges Ward Elliott financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hodges Ward Elliott leadership team
Management profileNumber of profiles
Profiles24 records
Hodges Ward Elliott funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hodges Ward Elliott M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hodges Ward Elliott
What does Hodges Ward Elliott do?
Hodges Ward Elliott is a boutique real estate capital markets advisor that provides hotel investment sales brokerage, debt and equity placement, construction financing, and loan sale advisory services to institutional clients. Its multi-disciplined platform covers hotel, office, multifamily, retail, and mixed-use properties across all 50 U.S. states and internationally, with over $100 billion in closed transactions since inception and more than 1,800 hotel transactions since 1990.
Is Hodges Ward Elliott a public or private company?
Hodges Ward Elliott is a private company. It is classified as corporate owned and is currently operating.
When was Hodges Ward Elliott founded?
Hodges Ward Elliott was founded in 1974. It employs 11 to 50 people.
Where is Hodges Ward Elliott based?
Hodges Ward Elliott is headquartered in Atlanta, United States, in the North America region.
How does Hodges Ward Elliott make money?
Three revenue lines are on record. Capital Markets Advisory Fees are the primary driver. The others are investment Sales Brokerage and loan Sale Advisory.
Does Hodges Ward Elliott have an API?
No public API is recorded for Hodges Ward Elliott.
What industry is Hodges Ward Elliott in?
Hodges Ward Elliott's product category is Real Estate Capital Markets Advisory. Its primary akta.pro industry code is BPAJANAA, Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation), with a secondary code of BPAJANAE, Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing). Its NAICS code is 5312 and its SIC code is 6531.