Address: 2385 Riverside DriveDanville
City:
State: VA
ZIP: 24540
Rooms #: 57
Additional Features:
The Mumford Company was pleased to once again represent Eastern Lodging, Inc., in the recent sale of the Super 8 Motel of Danville, Virginia to Shivani Corp, a regional hotel operator. The sale of this property is part of a strategic disposition program implemented by the sellers. This is the 16th property that Mumford Company has sold on behalf of this ownership group in the past decade.
The purchasers plan to make cosmetic renovations to the 57 room, 3 story, interior corridor hotel and retain the Super 8 franchise.
The Virginia International Speedway and the Martinsville Speedway provide room demand from race enthusiast while manufacturers such as Goodyear Tire provide business demand. Industry Week magazine ranked Danville as one of its Top 25 World Class Communities in the United States. Danville is located near the state border of Virginia and North Carolina.
David Mumford and Ed James with the Mumford Company’s Newport News, Virginia office represented the seller.
Mumford Company’s commitment to results-oriented customer service has yielded outstanding client results for over 33 years. With its’ experienced sales team in four 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.
