Address: Kannapolis
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State: NC
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The Mumford Company is pleased to announce the sale of two Mainstay Suites Hotels owned by David Drye Company. These were the fifth and sixth transactions structured by Mumford Company on behalf of the seller, a regional hotel and multi family developer, owner, operator. Ed James of the Mumford Company’s headquarters in Newport News, Virginia, Tom Sommer of the firm’s Chicago, Illinois office and Steve Kirby of the firm’s Atlanta, Georgia office collaborated to complete the transactions for the combined sales price of $6,365,000.Ed James states “We are grateful for the opportunity to once again represent the David Drye Company (DDC) in this deal. Long term and repeat clients such as DDC have been the foundation for our success and growth over the years.”
Celebrating their 30th anniversary in 2008, the Mumford Company is a proven leader in the field of hotel real estate brokerage. The firm’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 or to view current listings, please visit our Exclusive Listings Page for detailed information on any of our exclusive listings or contact (757) 873-0962.
