Address: 53 Jefferson Road
City: Jacksonville
State: FL
ZIP: 32225
Rooms #: 101
Additional Features:
Mumford Company was pleased to represent a major national loan servicing organization in the recent sale of the Holiday Inn Express East of Jacksonville, Florida to DRAP Florida, LLC, a growing regional owner/operator of premium branded, select service assets. The Holiday Inn Express East is enjoying strong growth in revenues and profitability, driven by the resurgence in the metro Jacksonville market. The new owners plan to complete an extensive renovation of the property to meet IHG’s Project Blue standards and build on the hotels’ operating momentum. DRAP bested 9 other offerors in a heated bidding process to successfully acquire this asset.
A proven leader in the field of hotel real estate brokerage, 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, please call (757) 873-0962.
