Address: 1702 US 280 Bypass
City: Phenix City
State: AL
ZIP: 36867
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Mumford Company was pleased to have represented a leading international real estate finance company in the sale of the Holiday Inn Express of Phenix City, Alabama to Raj Chandra Hotel, LLC. The buyers are a strong regional operator with multiple properties in the southeastern United States. They plan to make cosmetic renovations to the hotel and continue the Holiday Inn Express franchise affiliation. Financing was provided by BB&T.
David Mumford, Senior Principal in Mumford Company’s Newport News office and Burton Brooks, Vice President in the firm’s Atlanta office managed the marketing and transaction activities on behalf of the seller. The process from listing date to closed sale was completed in just under six months.
With a solid location in the Columbus, Georgia metro area, the property benefits from highly traveled interstate arteries serving Memphis, Birmingham and north Florida. Built in 2008, the 82 unit property offers a continental breakfast area, business center, fitness center room and outdoor pool. Regional demand generators include the New Chattahoochee Whitewater Rafting Outfitter Outpost in Downtown Phenix City, Downtown Columbus Riverwalk, Columbus Ironworks Convention Center and the Columbus Civic Center area.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 900 completed transactions in its 36-year history. With its’ experienced sales team in five regional offices across the country, including the company’s newly opened Washington DC office, Mumford Company is a leader in the sale of mid-market and economy hotels. For more information contact Mumford Company at (757) 873-0962.
