HWE brokers sale of the 141-key boutique hotel, part of the Curio Collection by Hilton and the original luxury lifestyle hotel in Delray Beach
Hodges Ward Elliott, the premier boutique real estate capital markets advisor, arranged the sale of The Ray Hotel, a 141-key boutique, lifestyle hotel located in Delray Beach, Florida, a bustling resort community in Palm Beach County.
An HWE team led by Managing Director Alexandra Lalos Church, as well as Zak Brodstein, Vice President, and Lauren Habig, Analyst, represented the seller in the deal.
Built from the ground up in 2021, The Ray was the first true luxury lifestyle hotel in Delray Beach. The four-story urban beach resort features two flagship celebrity-chef restaurants, rooftop pool and bar, state of the art fitness center, and subterranean parking garage.
“The developers of The Ray recognized a need in the market for a luxury, lifestyle experience to compliment the swift growth of Delray’s restaurant, entertainment, and art scene. HWE believes the South Florida market will continue to be a key target market for the world’s most prestigious hospitality investors in 2025, and we are proud to have represented the seller in this transaction in our backyard,” says Ms. Lalos Church.
Delray Beach has become one of the most popular leisure destinations in South Florida over the last few years, with a vibrant restaurant, arts, and cultural scene. The Ray Hotel has an unmatched location in the market, situated on a one-acre site in the heart of the Pineapple Grove Arts District, near the area’s famed Atlantic Avenue and just one mile from the beach.
The majority of the guest rooms feature a glass balcony and the entire structure features floor-to-ceiling windows. The property features several distinctive restaurant options, including Akira Back, Campi, and the Rosewater rooftop restaurant and pool bar, in addition to a lobby bar and coffee shop. The property also includes modern event space and an oversized fitness facility.
About Hodges Ward Elliott:
Hodges Ward Elliott (“HWE”) is the premier boutique real estate capital markets advisor, empowered to deliver exceptional results across a broad spectrum of business lines and product types. HWE’s multi-disciplined platform includes commercial, hotel, and debt capital markets teams, with offices in Atlanta, Dallas, Los Angeles, New York, Miami, Washington D.C., and London. As a privately held company, HWE is dedicated to cultivating long-term client relationships and takes pride in the reputation and track record established over its 46-year history. HWE has closed $100 billion in transactions, including $50 billion since 2015. For more information, please visit https://hodgeswardelliott.com/
