Address: 102 Electric City Boulevard
City: Anderson
State: SC
ZIP: 29621
Rooms #: 69
Additional Features:
Mumford Company was pleased to represent CLMG Corp in the sale of the Microtel Inn of Anderson SC. The purchaser was Electric City Hotel Group, LLC, a regional owner and developer of mid-market hotels. After mainly cosmetic renovations, the property will retain the Microtel franchise.
Ed James, Principal in Mumford Company’s Newport News office and Steve Kirby, Principal in the firm’s Atlanta office along with David B. Mumford, Senior Principal from the firm’s Newport News office negotiated this transaction on behalf of the Seller. “This property generated a great deal of interest once placed on the market” states Ed James. “We had multiple offers with several in excess of the list price with large nonrefundable deposits within weeks of listing. The winning bidder closed the transaction less than 30 days after going to contract. This level of activity clearly demonstrates the continued strength of the current market in the southeast US”
Built in 2009, the 69 guest room motel consists of a breakfast area, business center, guest laundry, outdoor pool and a fitness center. Located near Exit 19 at I-85 and Clemson Boulevard, the motel is centrally located among numerous restaurant establishments. Also nearby is the Anderson Mall, Anderson University and Historic Pendleton.
With over 50 transactions completed in the past 12 months and a 38 year history of results-oriented real estate service to the industry, Mumford Company is a proven leader in the hotel brokerage business. For more information or to put the Mumford Company team to work for you, please contact Mumford at 757-873-0962, or e-mail us at sales@mumfordcompany.com
