Address: 1131 Forest Hill PikeHarrisonburg
City:
State: VA
ZIP: 22801
Rooms #: 89
Additional Features:
The Mumford Company was pleased to once again represent affiliates of Allen Management in the recent sale of the Days Inn of Harrisonburg, Virginia to Patel Hospitality LLC. This is the 12th transaction that Mumford has facilitated on behalf of the sellers in the past 2 years.
The purchasers plan to make significant renovations to the hotel including all new guest rooms, improvements to the public spaces, and a complete new exterior. The property will retain the existing Days Inn affiliation. The purchasers utilized SBA financing to complete the acquisition
The 89-room, 4-story, interior-corridor hotel is ideally situated along Interstate 81 adjacent to the James Madison University campus and within walking distance of the Convocation Center. With easy access to multiple nationally franchised restaurants, the hotel is a mainstay for University visitors. Several nearby historical and recreational draws also add to occupancy including Endless Caverns, New Market Battle Field, Massanutten Ski Resort, and the Skyline Drive inside the George Washington National Park.
David Mumford and Ed James in Mumford Company’s Newport News office negotiated the transaction on behalf of the seller.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 800 completed transactions in its nearly 34-year history. With its’ experienced sales team in five regional offices across the country, including the company’s newly opened Washington DC office, Mumford Company is a leader in the sale of mid-market and economy hotels. For more information contact Mumford Company at (757) 873-0962
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