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
recentsales
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
Best Western Plus Regency Park Hotel – 13600 Hartman Lane Walker LA, 70875
Mumford Company, full-service hotel advisory firm since 1978, was pleased to represent First Troy SPE LLC in the sale of the former Best Western Plus of Walker, LA to Jay Ambe 2021, LLC. The purchaser is a regional hotel owner and operator and plans to reopen the hotel as a Best Western Plus after mainly cosmetic renovations. Mumford Company managing principals Ed James and Steve Kirby represented Continue Reading about Best Western Plus Regency Park Hotel – 13600 Hartman Lane Walker LA, 70875
Americas Best Value Inn – 128 Cheekwood Ln Ullin IL, 62992
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent Surbhi Properties, LLC in the sale of the Americas Best Value Inn of Ullin, Illinois. The purchaser, IAH Hotels, LLC. is from North Carolina and was searching in multiple states for an interior corridor hotel within his budget. The hotel will retain its Americas Best Value Inn franchise, allowing the Buyer as Continue Reading about Americas Best Value Inn – 128 Cheekwood Ln Ullin IL, 62992
Former Quality Inn – 2020 Apalachee Parkway Tallahassee FL, 32301
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent First Troy SPE, LLC in the sale of the former Quality Inn of Tallahassee Florida. The purchaser, Sunrise Tallahassee Inc. is a regional multi-property owner and operator who has plans to fully renovate and reopen the currently closed property with a mid-market national franchise. Ed James and Steve Kirby, Continue Reading about Former Quality Inn – 2020 Apalachee Parkway Tallahassee FL, 32301
Super 8 – 711 Townview Drive Lebanon VA, 24266
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to announce the sale of the Super 8 by Wyndham in Lebanon, Virginia. The seller was S&P Lebanon, LLC and the purchaser is a regional hotel investor purchasing his first nationally franchised property. The purchaser plans to make cosmetic updates to the property and retain the Super 8 by Wyndham franchise affiliation. Ed Continue Reading about Super 8 – 711 Townview Drive Lebanon VA, 24266
Super 7 Inn – 3002 South Cedar Street Pecos TX, 79772
Ryan Patterson, Vice President in Mumford Company’s Dallas, TX office, represented the seller in closing the transaction on the Super 7 in Pecos, Texas. The 96-unit, economy property sits at the intersection of Interstate 20 and US 285. Mumford Company presented the seller, a lender that foreclosed on this former Motel 6 in April 2020, with over 11 offers and 3 went to “Best & Final.” The winning Continue Reading about Super 7 Inn – 3002 South Cedar Street Pecos TX, 79772
Former Days Inn Conference Center (Closed) – 1 Seneca St. Oil City PA, 16301
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent the Seller of the 106-unit former Days Inn & Conference Center that closed on December 22, 2020. David B. Mumford, Justin Pinkard, Ed James, and Steve Kirby represented the seller in the transaction. The Virginia based purchaser is a multi-property real estate owner and operator and this transaction was their Continue Reading about Former Days Inn Conference Center (Closed) – 1 Seneca St. Oil City PA, 16301
