Address: 5321 Jefferson Davis HighwayFredericksburg VA, 22408
City:
State: VA
ZIP: 22408
Rooms #: 175
Additional Features:
Mumford Company was pleased to once again represent affiliates of Allen Management in the sale of the Econo Lodge of Fredericksburg, Virginia to R.S.B. of Fredericksburg, LLC.
The purchasers’, a local investor group with an established presence in the economy segment of the Fredericksburg lodging market, plan to make significant renovations to the facility and retain the Econo Lodge franchise.
Conveniently located on I-95, mid-point between Richmond, Virginia and Washington, DC, this 175 room property is well situated and draws guests visiting the local university, Ft. AP Hill Military Reserve, as well as business and tourism travelers. Fredericksburg is centrally positioned in the heart of Virginia’s Civil War history and offers a number of historic attractions.
This transaction is the 3rd that Mumford Company successfully completed on behalf of affiliates of Allen Management during 2009. David Mumford represented Mumford Company in this sales effort.
With over 30 years of experience in the Hotel 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. For more information call (757) 873-0962.