Mumford Company represented affiliates of Allen Management in the sale of the Econo Lodge of Military Highway in Norfolk, Virginia to OMAARAV Lodging, LLC. This was the 13th transaction that Mumford has facilitated for the sellers over the past 2 years and the final piece in a multiyear, multi-unit disposition program. The purchasers are regional owner/operators who plan to make renovations to Continue Reading about Econo Lodge – 865 North Military Highway Norfolk VA, 23502
recentsales
Sheraton Hotel Louisville Riverside – 700 West Riverside Drive Jeffersonville IN, 47130
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to once again represent affiliates of Sotherly Hotels, Inc. in the sale of the Sheraton Louisville Riverside Hotel located in Jeffersonville, Indiana. The purchaser, Riverside Hotel, LLC, is a partnership of two multi-unit hotel ownership groups with holdings across the eastern half of the US, including several existing Continue Reading about Sheraton Hotel Louisville Riverside – 700 West Riverside Drive Jeffersonville IN, 47130
Best Western Historic District – 351 York Street Williamsburg VA, 24361
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent 351 York St., LLC in the sale of the Best Western Historic District in Williamsburg Virginia. The purchaser, Swaminarayan, LLC, is a regional hotel owner and operator with several properties in central Virginia and upstate New York. After mainly cosmetic renovations, the 140 unit property will remain a Best Continue Reading about Best Western Historic District – 351 York Street Williamsburg VA, 24361
Microtel Inn – 8100 Peach St.Erie PA, 16509
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to announce the recent short sale of the 97 room Microtel Inn of Erie, Pennsylvania. Mumford’s George Arvanitis (Chicago), Steve Kirby (Atlanta) Ed James (Newport News), and Justin Pinkard (Washington, DC) represented the seller, Starways Property, LLC. in this transaction, it’s the third transaction with this group. The Continue Reading about Microtel Inn – 8100 Peach St.Erie PA, 16509
Relax Inn (formerly Americas Best Value Inn) – 1520 Jeffreys Drive Osceola IA, 50213
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent Rikita, LLC in the sale of the Relax Inn of Osceola, Iowa. The purchaser, Silverado Farms, LLC. is local to Iowa. David Mumford, Senior Principal of the firm’s Headquarters located in Newport News, VA and George Arvanitis, Managing Director - Midwest of the firms Chicago office, represented the Seller in this Continue Reading about Relax Inn (formerly Americas Best Value Inn) – 1520 Jeffreys Drive Osceola IA, 50213
Quality Inn Hall of Fame – 3970 Convenience Cir NW Canton OH, 44718
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to announce the closed short sale of the Canton, Ohio Quality Inn. Mumford’s George Arvanitis (Chicago), Ed James(Newport News), and Steve Kirby (Atlanta) represented the seller, a single asset owner, in the transaction. The deal closed just five months from listing date. The purchasing group, a partnership of Ohio and Continue Reading about Quality Inn Hall of Fame – 3970 Convenience Cir NW Canton OH, 44718
Hampton Inn – 1515 Johnson Avenue Bridgeport WV, 26330
Mumford Company was pleased to once again represent affiliates of Virginia Inn Management (VIM) in the sale of the Hampton Inn of Bridgeport, West Virginia to Royal Hotels, LLC. This is the 10th transaction that Mumford Company has completed on behalf of VIM as part of a continuing strategy to refocus their hotel portfolio on larger markets. The principals of Royal Hotels own several Continue Reading about Hampton Inn – 1515 Johnson Avenue Bridgeport WV, 26330
Holiday Inn Express-112 Ridge Way Jackson-Flowood MS, 39232
Mumford Company is pleased to announce another completed transaction, the Holiday Inn Express of Jackson/Flowood Mississippi. Steve Kirby and Ed James, Mumford Company’s Managing Principals represented the seller, Stone Creek Hospitality, LLC, in the disposition of their final lodging asset. The purchaser, Aurora Management, Inc., a newly formed entity whose principals are well vested in the Continue Reading about Holiday Inn Express-112 Ridge Way Jackson-Flowood MS, 39232
