Address: 6232 US Highway 77
City: Riviera
State: TX
ZIP: 78379
Rooms #: 39
Additional Features:
Newport News, VA – Mumford Company was pleased to represent an affiliate of Plains Capital Bank in the sale of the Riviera Inn and Suites of Riviera TX. The purchaser is a Texas based owner-operator with other hospitality holdings in the state. The property will undergo mainly cosmetic renovations and remain independent for the foreseeable future.
Ed James, Principal in Mumford Company’s Newport News office along with Steve Kirby, Principal in the firm’s Atlanta office negotiated this transaction on behalf of the Seller.
Situated on US Highway 77, North of State Highway 285 the property is on the primary artery in the Coastal Bend region of Texas. The one-story, exterior corridor building was constructed in 2006. The property consists of 39 guest rooms, outdoor pool and a 2-bedroom manager’s apartment. Regional demand generators include Texas A&M University-Kingsville, Naval Air Station Kingsville, King Ranch and Baffin Bay.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 930 completed transactions in its 37-year history. With its’ experienced sales team in 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.
