Mumford Company has brokered the sale of the Country Inn & Suites by Radisson, Concord (Kannapolis), NC. The transaction was facilitated for Chance Atlantic Hospitality LLC to ICARE Hospitality of Concord LLC.
Managing Principals Steve Kirby, Ed James and Justin Pinkard, along with Lillian Walker, Sales Associate in the newly opened Philadelphia office, represented the Thailand-based seller in the disposition of its sole U.S. asset. The purchasers, based in the Carolinas, are multi-asset owners and operators.
This is the fifth transaction between Mumford Company and members of the buyer group. The purchasers plan to complete extensive renovations and reposition the asset as a Comfort Inn and Suites.
“It was a privilege to represent our sellers on this deal,” said Kirby. “The professionalism of the buyers made the process significantly less cumbersome, and our previous experience with them was one of the reasons why the sellers agreed to transact with this group. Repeat business is the best business.”
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.
