Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced today it completed the sale of the Sleep Inn & Suites located in Dublin, Virginia.
Mumford Company represented PAB Inc., in the sale of the Sleep Inn & Suites, to Platinum Hotel Group 5, LLC. Ed James and Steve Kirby, Mumford Company managing principals, along with G R Patel, Sales Associate in Mumford’s Dallas TX Office, represented the Seller in the transaction. The property will be fully renovated and converted to Wingate Inn by Wyndham
“This transaction included a franchise change, a full renovation, and assistance to the purchaser in acquiring competitive financing in an environment of rapidly rising interest rates” states GR Patel. “Our team at Mumford was able to help buyer and seller navigate this fairly complicated process ultimately reach the closing table.”
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, and Washington DC.
Their track record of success for buyers and sellers made Mumford Company a leader for the last 44 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