LONDON—HVS Hodges Ward Elliott has been appointed the exclusive advisor for a sale/leaseback transaction for the 23-hotel portfolio owned by Dutch hotelier Fletcher Hotels. The three- and four-star hotels, representing 879 rooms, are located throughout the Netherlands. “Fletcher has developed an efficient, high-tech operating platform that could be rolled across Europe and generates excellent cash flow per room,” said Rudy Reudelhuber, HVS Hodges Ward Elliott managing director. “Many of the hotels are irreplaceable assets due to their location in prime, established neighborhoods in their respective markets, which means high barriers to new competition…” HVS Hodges Ward Elliott will manage the transaction out of its office here.
