Address: 3439 South Memorial DriveGreenville
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State: NC
ZIP: 27834
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Mumford Company was pleased to represent Atlas 1 SPC, LLC in the sale of the former Baymont Inn of Greenville, North Carolina to Preena, LLC.
The purchaser, a family owned regional hotel operator, plans to affiliate the property with a national mid-market franchise after extensive cosmetic renovations. The 121 room, two story exterior corridor hotel, closed at the time of sale, is strategically located to serve both East Carolina University and Pitt Memorial Hospital.
Mumford Company Principal Ed James represented the Seller in the transaction. “This is an exceptional opportunity for the purchaser to acquire a well built and well located hotel at a tremendous discount to replacement cost” James stated. “The Greenville market is poised for growth moving forward with such solid revenue generators as a major university and hospital”.
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.
