Mumford Company was pleased to represent SHRISR,LLC in the sale of the Baymont Inn & Suites in Crestview, Florida, to the purchaser, VMBSAI, LLC. The purchaser, a growing regional owner/operator, plans to retain the Baymont Inn & Suites flag following mainly cosmetic renovations. The acquisition was completed as part of a 1031 exchange following the purchaser’s sale of a hotel in Oklahoma. John James, Mumford Company Vice President, represented the seller in the transaction. “It was a pleasure working together with the Seller, Buyer, and their respective lenders throughout the process. Everyone worked together to keep the transaction moving forward and eventually bring it to a successful closing,” stated John James.
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Americas Best Value Inn Pittsburgh Airport – Coraopolis, Pennsylvania
Recent Sale: Sleep Inn & Suites – Round Rock Texas
