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
recentsales
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
ECONO LODGE EAST – 6311 MacCorkle Avenue SE Charleston, WV 25304
Mumford Company was pleased to represent Kanti, Inc.in the sale of the Econo Lodge of Charleston West Virginia. The purchaser, 6311 CHS WV, LLC is a regional owner and operator of hotels and plans to convert the property to an alternate franchise after mainly cosmetic renovations. Mumford Company managing principles Ed James and Steve Kirby represented the seller in the transaction. About Continue Reading about ECONO LODGE EAST – 6311 MacCorkle Avenue SE Charleston, WV 25304
Hampton Inn & Suites – 3330 Clay St Vicksburg MS, 39183
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to once again represent affiliates of Inn Serve Corporation in the sale of the Hampton Inn & Suites of Vicksburg, Mississippi to an affiliate of Wealth Hospitality. This was the last hotel in the Inn Serve portfolio and brings to a close this family's very successful 60+ year run in the lodging business. David Mumford and Continue Reading about Hampton Inn & Suites – 3330 Clay St Vicksburg MS, 39183
Comfort Suites – 130 Workshop Ln US 17 N Jacksonville NC, 28546
Mumford Company, a full-service hotel advisory firm since 1978,was pleased to represent Bholebaba, Inc in the sale of the Comfort Suites of Jacksonville NC. The purchaser, Rohit, LLC is a regional hotel owner and operator who will continue to operate the 72 unit all suite property after minimal cosmetic renovations. Ed James and Steve Kirby, both Managing Principals of Mumford Company represented Continue Reading about Comfort Suites – 130 Workshop Ln US 17 N Jacksonville NC, 28546
Hampton Inn-878 Hard Road Webster NY, 14580
Mumford Company, a full-service hotel advisory firm since 1978, is pleased to represent an affiliate of Essex Hotel Management in the sale of the Hampton Inn Webster of Rochester, New York to Blue Crystal Hospitality, LLC, an affiliate of Navika Capital Group. The buyers plan to renovate this 90 key property to meet Hampton Inn brand standards and build on the solid business based established by Continue Reading about Hampton Inn-878 Hard Road Webster NY, 14580
Rodeway Inn East – 1051 Eastern Boulevard Montgomery AL, 36117
Mumford Company, a full-service hotel advisory firm since 1978, is pleased to represent Balaji Hotel, LLC. in the sale of the Rodeway Inn East Montgomery, Alabama to IPD Hospitality, Inc., as receiver for Arthav, LLC. David B. Mumford, Senior Principal in the firms Newport News, VA Headquarters, along with Burton Brooks, Principal in Mumford’s Atlanta office, represented the seller in the Continue Reading about Rodeway Inn East – 1051 Eastern Boulevard Montgomery AL, 36117
Econo Lodge on the Ocean – 2707 Atlantic Ave, Virginia Beach VA, 23451
Mumford Company was pleased to once again represent a local family ownership group in the sale of the Econo Lodge on the Ocean in Virginia Beach, Virginia to Ocean 27th, LLC. This is the third property sale that Mumford has completed for this group over the past 20 years and is their last hospitality investment. The new owners plan to operate the property as an independent boutique property for Continue Reading about Econo Lodge on the Ocean – 2707 Atlantic Ave, Virginia Beach VA, 23451
Hilton Garden Inn – Tupelo MS
Mumford Company, a full-service hotel advisory firm since 1978, is pleased to announce the recent sale of the Hilton Garden Inn of Tupelo, MS. This transaction was facilitated for an affiliate of Peachtree Hotel Group. This was the second transaction by Mumford on behalf of PHG in recent years. The deal required buyer assumption of a CMBS loan. The purchaser was 363 Tupelo, LLC, an affiliate Continue Reading about Hilton Garden Inn – Tupelo MS
New Orleans Inn – 608 US-61 Portageville MO, 63873
Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent AARTI, Inc, a Tennessee based corporation in the sale of the 25 room, 2 story, New Orleans Inn. The purchaser, Stealth Invest, LLC, a Nevada based company, with this acquisition makes the 3rd hotel property in their portfolio. Continue Reading about New Orleans Inn – 608 US-61 Portageville MO, 63873
Econo Lodge – 865 North Military Highway Norfolk VA, 23502
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
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