Address: 2125 Willis RoadRichmond
City:
State: VA
ZIP: 23237
Rooms #: 48
Additional Features:
The Mumford Company, once again, successfully represented affiliates of Allen Management in structuring the sale of the Econo Lodge of Richmond, Virginia to Willis Hotel, LLC. This was the fourth sales transaction in the past two years in which Mumford Company has represented Allen Management. From the date of listing to the date of closing, this transaction took 79 days.
The purchaser is a very active local lodging investment group that owns a number of hospitality assets in the greater Richmond market area. They plan to make renovations to the property and retain the Econo Lodge franchise.
Located in the state capitol of Virginia, the Econo Lodge is situated on Interstate 95 convenient to several popular demand generators including the Virginia State Capitol, Richmond International Speedway, the American Civil War Center and Virginia Commonwealth University.
David Mumford with the Mumford Company’s Newport News, Virginia office and Steve Kirby with the firm’s Atlanta, Georgia represented the seller.
Mumford Company’s commitment to results-oriented customer service has yielded outstanding client results for over 32 years. With its’ experienced sales team in four regional offices across the country, Mumford Company is a leader in the sale of mid-market and economy hotels. For more information contact Mumford Company at (757) 873-0962.
