Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced today it completed the sale of the Red Roof Inn located in Holton, Kansas.
Mumford Company represented Future Rain, LLC in the sale of the Red Roof Inn, to RadhaSoami Hospitality, LLC. GR Patel, Sales Associate in Mumford’s Dallas Office, represented the seller in the transaction. Patel played a pivotal role in structuring and successfully closing the transaction while working directly with the buyers.
GR Patel states, “The seller, Future Rain, LLC, led by father and son Dilip and Sawan Patidar, are successful local hotel owners and operators in Salina. The purchaser, RadhaSoami Hospitality, LLC, is helmed by Mukesh Chaudhry and Kashmir Singh, who are regional hotel and business owners. Their plans involve extensive cosmetic renovations followed by continued operations under the Red Roof Inn franchise.”
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.