Address: 1109 Horner RoadWoodbridge
City:
State: VA
ZIP: 22191
Rooms #: 133
Additional Features:
The Mumford Company was pleased to once again represent affiliates of Allen Management in the recent sale of the Quality Inn of Woodbridge, Virginia to Atmiya Woodbridge, LLC. This is the 9th transaction that Mumford has facilitated on behalf of the sellers in the past 2 years and is the 2nd property that the purchasers have acquired through Mumford in the same period. The property was purchased by Atmiya Woodbridge, LLC, a regional developer and operator of 5 mid-market hotels in the Mid-Atlantic of the United States. The purchaser plans to make significant renovations to the hotel and retain the Quality Inn affiliation.
Ed James, Principal at Mumford Company states, “This transaction was a win-win for Purchaser and Seller. Based on strong locational and financial fundamentals, the deal moved from contract execution to closing quickly and further demonstrated the improving environment for mid-market hotel transactions as we move into 2012.”
Woodbridge, Virginia is in Prince William County, just outside of Washington, D.C. Situated just off Interstate 95, the 94 room, 2-story; interior corridor property derives strong demand from nearby Quantico Marine Base, the FBI Academy, as well as Potomac Mills Outlet Mall. The vast historic, cultural and tourism draws of Washington, D.C. provide additional demand for the property.
David Mumford, Ed James, and Justin Pinkard with the company’s Newport News office advised the seller in the structuring of the deal.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 800 completed transactions in its 33-year history. With its’ experienced sales team in four regional offices across the country, Mumford Company is a leader in the sale of mid-market and economy hotels. For more information contact Mumford Company at (757) 873- 0962.
