Address: 2535 State Road 16
City: St. Augustine
State: FL
ZIP: 32092
Rooms #: 141
Additional Features:
The Mumford Company is pleased to announce they have orchestrated the sale of the Ramada Inn St. Augustine, FL on behalf of SARP, Inc. a Florida corporation to Diamond Eagles, LLC. The Purchaser plans to do cosmetic renovations to the property.
David Mumford, Senior Principal in Mumford Company’s Newport News office, along with Steve Kirby and Burton Brooks, both of the firm’s Atlanta office assisted in negotiating the sale on behalf of the Seller.
Located at Exit 310 on I-95, the hotel has great visibility and market presence. This 2 story, exterior corridor hotel consists of 141 rooms and features a breakfast area, meeting space, guest laundry and outdoor pool. Local and regional demand generators include Historic St. Augustine, World Golf Village, PGA Hall of Fame and the St. Augustine Beach and its Lighthouse and Museum. Scenic St. Johns County draws an estimated 3.5 million visitors annually and with the current growth trend it will add room night demand to the region.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 875 completed transactions in its 35-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.
A proven leader in the field of hotel real estate brokerage, Mumford Company’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, please call (757) 873-0962.
