Mumford Company was proud to represent Friestad Properties, LLC in the sale of the AmericInn of McAlester OK. Paratpar LLC, a Texas-based multi-property hotel owner, plans to renovate and reposition the property to better serve both commercial and leisure travelers. The transaction involved multiple challenges, including securing acquisition financing and navigation of extensive SBA loan and survey requirements.
Gaurang “GR” Patel, Senior Associate with the Mumford Company represented the Seller in the transaction. The property is a 67 room, 3 story interior corridor hotel built in 2005. It is situated in eastern Oklahoma.
About Mumford Company:
Mumford Company was established in 1978 to provide top quality hotel brokerage services and has a team of brokerage professionals with broad experience in all aspects of lodging acquisitions, development, consulting and operations. They represent sellers of most major brands in markets throughout the country, and their diverse background allows them to have an awareness of key opportunities within the marketplace, so they can accurately position their client’s assets to maximize their investment results. The firm has an experienced sales team in regional offices across the country, including Newport News, Virginia; Atlanta, Georgia; Chicago, Illinois; Dallas, Texas and Washington DC. Their track record of success for buyers and sellers have made Mumford Company a leader for the last 41 years while upholding the values of the company from when it first began. For more information or to put the Mumford Company team to work for you, please contact Mumford at 757-873-0962, or by e-mail at sales@mumfordcompany.com.
