Address: 1905 Coliseum Drive
City: Hampton
State: VA
ZIP: 23666
Rooms #: 108
Additional Features:
Mumford Company was pleased to once again represent affiliates of PMC Commercial Trust in the sale of the Rodeway Inn of Hampton, Virginia to Hampton Coliseum Hotel, LLC. The purchasers are a California based company that has been aggressively acquiring economy and mid-market hotel assets in the eastern United States and this is the 3rd hotel that they’ve acquired through Mumford Company in the past year. They plan to make cosmetic renovations to the hotel and convert it to the Motel 6 brand.
David Mumford, Senior Principal in Mumford Company’s Newport News office and Burton Brooks, Vice President in the firm’s Atlanta office managed the marketing and transaction activities on behalf of the seller. The process from listing date to closed sale was just 58 days. Situated at the Intersection of Coliseum Drive and Pine Chapel Road, the property is in the heart of the Hampton Roads Metropolitan Area. The hotel was built in 1989 and consists of 108 guest rooms. The property’s physical attributes include continental breakfast area, business center and outdoor pool. Regional demand generators include Peninsula Town Center, the Boo Williams Sportsplex, Langley Air Force Base, Hampton Coliseum and Hampton Roads Convention Center.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 900 completed transactions in its 36-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.
