Mumford Company is pleased to announce another off-market transaction with the closing of the Atlanta, Georgia Savannah Suites Airport. The property, built in 2020, has 94 extended stay guest suites and is uniquely positioned in the airport market.
Steve Kirby and Ed James, two of the firm’s Managing Principals represented the seller, an Atlanta based real estate developer with significant experience with lodging properties. The purchaser was an affiliate of Wichita, Kansas based TGC Group. TGC Group is a multi-unit extended stay owner and operator with holdings across 19 States. The purchasers plan major renovations and will rebrand the hotel. Kirby said, “It was a pleasure working with buyer and seller to put this deal together. The diligence and focus by the parties were crucial in overcoming some macro market headwinds.”
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.
