Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced today it completed the sales of the Beckley, West Virginia Quality Inn and Atlanta GA Comfort Suites.
In the sale of the Beckley West Virginia Quality Inn, Mumford Company represented New York based principals of Beckley Hotel Associates, LP. The sale was finalized in just 110 days from listing to closed sale. The purchaser, Humble Hospitality, LLC, is a West Virginia based, multi-disciplined real estate developer and investor with a major focus on hospitality assets. Humble Hospitality plans to complete the limited renovations and will continue as a Quality Inn by Choice Hotels. Steve Kirby and Ed James, Managing Principal’s with the firm, represented the Sellers.
Kirby said, “We are fortunate to have worked with principals on both sides of the deal, multiple times over many years. Cooperation amongst those parties, the franchisor and lender, made for a smooth transaction from start to finish. Repeat business due to mutually desired results is Mumford Company’s primary goal.”
In the sale of the Atlanta, Georgia Comfort Suites, Mumford Company represented Atlanta 1 Hospitality, LLC in the transaction. The property was sold through the Ten-X auction platform where Mumford has had considerable experience. Steve Kirby and Ed James, both Managing Principals in the firm, along with Carter Willcox, Senior Associate, represented the Seller.
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.