Address: 8501 Hampton BoulevardNorfolk
City:
State: VA
ZIP: 23505
Rooms #: 120
Additional Features:
The Mumford Company was pleased to once again represent a major national loan servicing organization in the recent sale of the Quality Inn Naval Base of Norfolk, Virginia to Silver Bay, LLC. This is the 11th property that Mumford has transacted on behalf of this servicing organization in recent years.
The buyer is based in central Virginia and is a veteran hotelier. They plan to make cosmetic renovations to the hotel, retain the Quality Inn franchise, and continue to build their business with such demand generators as Naval Station Norfolk, the Port of Virginia, and Old Dominion University.
Norfolk, Virginia is the commercial center of the Hampton Roads Metropolitan Statistical Area, which is home to over 1.6 million people. The 120-room exterior-corridor property is strategically located at the Main Gate to Norfolk Naval Air Station and is close in proximity to the other regional demand generators listed above as well as Eastern Virginia Medical School, downtown Norfolk, and local tourist attractions.
David Mumford, in Mumford Company’s Newport News office negotiated the transaction on behalf of the seller.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 830 completed transactions in its nearly 34-year history. With its’ experienced sales team in five regional offices across the country, including the company’s newly opened Washington DC office, Mumford Company is a leader in the sale of mid-market and economy hotels. For more information contact Mumford Company at (757) 873-0962.
