Address: Winchester
City:
State: VA
ZIP:
Rooms #:
Additional Features:
Mumford Company was once again pleased to represent an affiliate of Beck Company in the sale of the Comfort Inn-North of Winchester, Virginia to RDM Hospitality, LLC. This transaction involved numerous complexities including an arduous assumption process of existing Collateralized Mortgage Backed Securities (CMBS) financing and a significant PIP from the franchisor. Advising the seller was David Mumford of the Mumford Company’s Newport News, Virginia office and Steve Kirby of the Atlanta, Georgia office.
Given the strength of the market area and the Comfort Inn-North’s strong performance history, the purchasers’ are confident that they can significantly grow the business after the completion of approximately $485,000 in renovations and by retaining the Comfort Inn franchise.
A proven leader in the field of hotel real estate brokerage with over 30 years of experience in the industry, Mumford Company’s commitment to results-oriented customer service has yielded outstanding client results year after year. As a specialist in mid-market assets, Mumford Company has structured the sale of hundreds of hotels in the past five years alone, representing a wide array of owners and investors.
