Mumford Company is pleased to announce the successful closing of the Comfort Suites located in Lake Charles, Louisiana. Mumford Company’s Burton Brooks and David Mumford represented the Seller, Shankara, LLC in the transaction. This opportunity provides a local operator with the opportunity to expand holdings in the growing market. Upside is anticipated through additional demand that will be created by the largest economic development project in the state’s history, at the LNG exploration and terminal facilities. “Our purchaser is planning to significantly invest in the physical plant to achieve growth in both occupancy and ADR while offering the best product in the market.” said Burton Brooks of Mumford Company.
