Mumford Company was pleased to represent an affiliate of Raines Co. in the recent sale of the Courtyard by Marriott in the Columbia suburb, Cayce, South Carolina. Raines Co., a multi-unit lodging and resort developer, owner, and operator, will continue to manage the property in a short-term arrangement. Steve Kirby and Ed James, Mumford Company Managing Principals, represented the Seller in the Continue Reading about Courtyard by Marriott – 1125 Fort Congaree Trail, Cayce SC, 29033
recentsales
Candlewood Suites – 5113 Plaza Dr. Hopewell, VA 23860
Mumford Company was pleased to represent Nav Yuga Hospitality, LLC, in the sale of the Candlewood Suites in Hopewell, Virginia to Hopewell Hospitality LLC. Ed James and Steve Kirby, Managing Principals, represented the Seller in the transaction. The purchaser, a Virginia based hotel owner, operator, and developer plans to renovate the property and continue its affiliation with the Candlewood Continue Reading about Candlewood Suites – 5113 Plaza Dr. Hopewell, VA 23860
Courtyard by Marriott – 4811 E Johnson Ave, Jonesboro AR, 72401
Mumford Company, a full-service hotel advisory firm since 1978, was pleased announce the successful closing of the Courtyard by Marriott of Jonesboro Arkansas. Mumford’s Steve Kirby and Ed James, the firm’s Managing Principals, and George Arvanitis, Managing Director- Midwest, represented Hunt Properties of Jonesboro, LLC in the sale. The purchaser was McCain Lodging Jonesboro, LLC. Both seller Continue Reading about Courtyard by Marriott – 4811 E Johnson Ave, Jonesboro AR, 72401
Holiday Inn Express & Suites – 130 Holiday Drive Murphy, NC 28906
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent Shri Hari Krupa, LLC. in the sale of the Holiday Inn Express Murphy, North Carolina. The purchaser, Mountain HIEX, LLC, is an affiliate of a North Carolina based owner/operator group. The Purchaser plans to complete the Formula Blue Product Improvement Plan and continue to operate the hotel as a Holiday Inn Continue Reading about Holiday Inn Express & Suites – 130 Holiday Drive Murphy, NC 28906
Red Roof Inn – 400 SW H. K. Dodgen Loop Temple, TX 76504
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to have represented Jigna Enterprises Inc. in the sale of the Red Roof Inn of Temple, Texas to Relianse Global. Ryan Patterson and Justin Pinkard both worked on this transaction to get it closed. The Red Roof was underperforming the STR comp set significantly, so Relianse expects to complete the PIP as well as change Continue Reading about Red Roof Inn – 400 SW H. K. Dodgen Loop Temple, TX 76504
HAMPTON INN – 308 Sunrise Blvd, Debary DeBary FL, 32713
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to announce the successful closing of the Hampton Inn of Debary, Florida. Steve Kirby, Managing Principal in the firm’s Atlanta office and Ed James Managing Principal the firm’s Newport News office, represented the sellers, Central Florida Hotel Investment Group, a closely-held entity of HDG Hotels. Ocala-based HDG is a Continue Reading about HAMPTON INN – 308 Sunrise Blvd, Debary DeBary FL, 32713
Hampton Inn and Suites-7660 Memorial Boulevard Port Arthur, TX 77642
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to announce the successful closing of the 72-unit Hampton Inn & Suites of Port Arthur, Texas. The property was sold via Ten-X platform where over 20 prospects qualified to bid and 7 participated in the process. Steve Kirby, Managing Principal in the firm’s Atlanta office, Ed James Managing Principal in the firm’s Continue Reading about Hampton Inn and Suites-7660 Memorial Boulevard Port Arthur, TX 77642
Residence Inn – 3900 Coleman Crossing Circle Paducah, KY 42001
Mumford Company announces another completed transaction, the Residence Inn by Marriott of Paducah, Kentucky. Mumford Company has now completed six transactions on behalf of the selling group, Musselman Hotels. OM Hospitality, LLC, a lodging owner and operator in the Southeast and Midwest, purchased the 74-unit hotel. The purchasers plan significant renovation and will retain the hotel’s Continue Reading about Residence Inn – 3900 Coleman Crossing Circle Paducah, KY 42001
