Mumford Company is pleased to announce another closing in November, continuing a solid year of helping sellers and buyers achieve financial goals. Steve Kirby, Ed James and Justin Pinkard, the firm’s Managing Principals, represented the Charlotte-based sellers, a family group with extensive commercial real estate holdings. The purchasers were affiliates of Virginia based Liberty Hospitality Group, an owner and operator of properties along the eastern seaboard. Kirby said, “the professionalism of seller and buyer helped to make this a very smooth transaction. CMBS loans on both sides of the deal made close cooperation a key component of closing”.
The 98-room, four-story Holiday Inn Express is uniquely positioned off I-77 and convenient for all Charlotte attractions. Purchasers plan a soft goods renovation will continue to operate under the IHG flag.
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.
