Holiday Inn Express – 2121 Riverside Drive Danville, VA 24540

Mumford Company was pleased to once again represent affiliates of Daly Seven, Inc in the sale of the Holiday Inn Express of Danville, Virginia to Mahant Danville LLC. The purchaser, a fast-growing regional hotel owner and operator plans to continue the IHG affiliation after mainly cosmetic renovations.

Ed James, Steve Kirby, and Justin Pinkard, Mumford Company’s managing principals, represented the seller in the transaction. James states, “This very well managed and maintained property has been an exceptional RevPAR producer for years and its sale represents a true win-win for buyer and seller. It was pleasure to work with skilled transition teams on both sides to navigate a complex CMBS loan process and to successfully transition management at the property level.”