Newport News, VA, June, 2024 – Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced today it has continued its strong sales performance in the first half of 2024, with multiple transactions closing in the second quarter.
“Even with the current state of interest rates, the hospitality industry fundamentals are strong which continues to drive transactions,” said Steve Kirby, Managing Principal, Mumford Company. “The bid-ask is still sometimes challenging, but there is a lot of interest in hotel assets.”
Some of their recent transactions include:
- Holiday Inn Blacksburg-Christiansburg, located in Christiansburg, Virginia
- TownePlace Suites by Marriott Memphis-Southaven, located in Southaven, Mississippi
- Best Western, located in Murphy, North Carolina
- Clarion Pointe Greensboro Airport, located in Greensboro, North Carolina
- Sleep Inn/MainStay Suites, located in Meridian, Mississippi
- Motel 6 Medical Center, located in San Antonio, Texas
- Sleep Inn & Suites, located in Smithfield, North Carolina
“At Mumford Company, we pride ourselves on taking a strategic approach to every asset we market,” said Justin Pinkard, Principal, Mumford Company. “Our overall pipeline for the rest of this year is extremely strong and we attribute this to our extensive relationships and market intelligence that allow us to help our sellers navigate today’s market.”
Our professional team of experienced hotel brokerage advisors is ready to discuss your hotel with you. We can provide a confidential broker’s opinion of valuation and discuss whether now is the time for you to sell or if it makes more sense to hold your current hotel.
Mumford Company’s hotel brokerage professionals, with broad experience in all aspects of lodging acquisitions, development, consulting, and operations, represent sellers of all major brands in markets throughout the United States. This diverse background allows them to focus on key opportunities within the marketplace, accurately positioning their client’s assets to maximize investment results. The firm’s regional offices include Georgia, Illinois, Texas, Virginia, and Washington, DC. Their record of success for buyers and sellers has made Mumford Company a leader for over 46 years.
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 nationwide, including Newport News, Virginia; Atlanta, Georgia; Chicago, Illinois; Dallas, Texas; Philadelphia, PA; and Washington, DC. Their track record of success for buyers and sellers has made Mumford Company a leader for 46+ years while upholding its values 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.
