Tampa-based Franklin Street has purchased a storied Atlanta-based hospitality brokerage firm.
Franklin bought Hodges Ward Elliott and plans to incorporate some 20 brokers from the smaller firm into its roster of 400 employees, CoStar reported. 
HWE, which helped sell $17B in hotels over the past five years, will continue to operate under its brand name while offering a deeper pool of services in insurance, project management, leasing and property management, according to Franklin Street’s press release.
Terms of the sale were not disclosed. HWE will close its own office space, and employees will work at Franklin Street’s offices in Atlanta, Dallas and Nashville as well…