Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced today it completed the sale of the Baymont Inn & Suites located in Madisonville, Kentucky on behalf of Skyann Corporation, the Seller.
The purchaser, Paras 1891, LLC., is a successful multi-property hotelier based in the region. Carter Willcox, Senior Associate in the firm’s Newport News, Virginia Headquarters, represented the seller in the transaction. The property will remain a Baymont Inn & Suites after upgrades to the guestrooms and public areas. “It was a pleasure working with the seller for the second time. Mumford Company was able to generate significant interest yielding multiple showings and offers for seller’s review. The purchasers were very determined in their pursuit of the deal, and we wish them much success” states Willcox.
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, Washington DC, and Tampa, Florida. 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.