Mumford Company, a full-service hospitality brokerage advisory firm, announced it completed the sale of the Fairfield Inn & Suites in Cleveland, Tennessee. Located 20 minutes from downtown Chattanooga, Cleveland is located off I-75 and is home to a variety of demand generators.
Mumford Company’s Managing Principals Steve Kirby and Ed James represented an affiliate of Vision Hospitality Group in the sale to Westside Hospitality, a Cleveland-based multi-property owner and operator. The purchasers plan to complete the product improvement plan and continue the Marriott affiliation.
“It was good to work with Vision Hospitality on this deal. Discipline and efficiency by both seller and buyer made for a smooth transition. We wish the buyer group much success and look forward to transacting with both parties again in the future”, said Kirby.
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, Washington DC, and Tampa, Florida. 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.