Mumford Company was pleased to once again represent the James M. Bowen Company in the sale of the Best Western of Fredericksburg, Virginia. This is the third sale over the past decade in which Mumford Company has had the privilege to represent the sellers. The buyers are a local investment group with hospitality and other business interests in the Fredericksburg area. They plan to make cosmetic renovations to the hotel and retain the Best Western affiliation. David B. Mumford, Senior Principal in Mumford Company’s Newport News Headquarters, along with Justin Pinkard, Managing Principal in the firm’s Washington D.C. office and Carter Willcox, Vice President assisted in the sale of the property.
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.
