Address: 150 Malin Drive
City: Wytheville
State: VA
ZIP: 24382
Rooms #: 118
Additional Features:
Mumford Company was proud to represent 150 Malin Associates,LP in the sale of the Days Inn of Wytheville, Virginia to Amisha,LLC. This is the third property sold by Mumford Company for affiliates of the Seller, a Virginia based real estate developer with extesive holdings in hotels and other commercial real estate. The purchaser is a regional hotel owner and operator who plans to keep the property in the Days Inn family after mainly cosmetic renovations. Ed James, a Mumford Company Principal based in the Virginia headquarters of the firm, represented the Seller in the transaction. James states ” this disposition represented the continuation of a long term strategy by the seller to redeploy capital from some of it’s older hotel assets into other classes of commercial real estate. The purchaser got a great piece of real estate well below replacement cost, so it was a “win-win situtuation”.
A proven leader in the field of hotel real estate brokerage, 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. For more information, please call (757) 873-0962.
