Wolfgramm Capital Acquires Avatar Hotel Group Portfolio and Management Company

Hodges Ward Elliott | February 9, 2022

DALLAS, Feb. 9, 2022 -- Hodges Ward Elliott ("HWE"), the premier boutique real estate capital markets advisor, announced it has arranged the fee-simple sale of the entire hotel portfolio for Avatar Hotel Group ("Avatar"), comprised of three select-service hotels in Texas with 280 rooms in total, to Wolfgramm Capital. Wolfgramm Capital also purchased and assumed Avatar's management company. In addition, HWE negotiated a separate transaction on behalf of Avatar selling a nearly three-acre development site in Plano, Texas pre-approved for a Home2 Suites development, to another buyer. An HWE team led by Austin Brooks advised the selle...