Hodges Ward Elliott Represents Owner in Sale of Hotel Contessa in San Antonio, TX

SAN ANTONIO, Nov. 23, 2020 /PRNewswire/ — Hodges Ward Elliott (“HWE”), the premier boutique real estate capital markets advisor, arranged the sale of Hotel Contessa, a 265-key, all-suite luxury hotel asset located at 306 West Market Street in San Antonio, Texas.

An HWE team composed of John Bourret, Managing Director, Austin Brooks, Director, and David Auer, Associate, represented ownership in the sale. Lawrence Britvan and Pete Fehlman, both Managing Directors with HWE, advised the buyer on the financing structure for the acquisition as well.

“This was a rare opportunity to acquire an ideally located, all-suite, Riverwalk hotel with a consistent history of strong and efficient performance,” said John Bourret from Hodges Ward Elliott. “Hotel Contessa is also currently operating independently of any hospitality brand which offers the new owner additional flexibility in future branding and operations. HWE generated a number of offers on

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Paul Singer’s Elliott Management to open offices in Florida and Connecticut

Updates story with sourcing and details

Oct 21 (Reuters)Elliott Management Corp, one the world’s busiest activist investors, plans to open two new offices – one in Florida and one in Connecticut – to give staff more flexibility when the threat of COVID-19 ebbs and employees return to the office, a source said on Wednesday.

Paul Singer’s $41 billion hedge fund will keep its office in midtown Manhattan and add two new locations in West Palm Beach, Florida and Greenwich, Connecticut at some point next year, the person who was not authorized to speak about the private firm’s plans said. Elliott, which employs 466 people, also has offices in London, Hong Kong, Tokyo, and Menlo Park, California.

The move was driven largely by the pandemic which forced most Wall Street firms to shutter their headquarters in high-rise office buildings earlier this year and direct staff to work remotely.

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Paul Singer’s Elliott Management Moving Head Office to Florida

Paul Singer

Photographer: Patrick T. Fallon/Bloomberg

Florida is luring its biggest name yet in hedge funds: Paul Singer’s Elliott Management Corp.

The $41 billion firm plans to move its headquarters to West Palm Beach from Midtown Manhattan, according to people familiar with the matter, joining a growing list of funds that have relocated to the Sunshine State.

With no individual income taxes, estate taxes or capital gains taxes, Florida has become a hot destination for hedge funds in recent years. The Covid-19 pandemic has accelerated that shift away from New York, the initial epicenter of the U.S. outbreak.

Singer’s co-chief investment officer and expected successor, Jon Pollock, owns a home near West Palm Beach and has been living there during the pandemic, said the people, who asked not to be identified because the information is private. The now-permanent move by Pollock, as well as several other

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Elliott seeks Perfect Home for rent-to-own retailer

PerfectHome, the online rent-to-own retailer which became Britain’s biggest following the collapse of BrightHouse earlier this year, is being put up for sale by its hedge fund owner.

a table topped with a blue chair: PerfectHome's roots date back to 2006

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PerfectHome’s roots date back to 2006

Sky News has learnt that an affiliate of Elliott Advisors, which has owned Perfect Home since 2018, has kicked off an auction of the chain.

a sign above a store: BrightHouse collapsed in March

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BrightHouse collapsed in March

The auction comes seven months after BrightHouse became one of the first corporate casualties of the coronavirus pandemic.

Its demise cost 2,400 employees their jobs and triggered the closure of 240 shops around the country.

PerfectHome is an online-only business, with its entire store network now closed, and employs roughly 180 people.

The company lends money to consumers to finance purchases of furniture and electrical goods, allowing them to repay in weekly instalments.

Gallery: People who made a fortune betting on future successes,

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