The Mumford Company was once again pleased to represent affiliates of Allen Managemen in the sale of the Econo Lodge-Midlothian Turnpike in Richmond, Virginia to Shreemai, LLC. This is the 6th transaction that Mumford Company has structured for this seller in the past two years and part of a multi-unit disposition program. The purchasers are a regional investment group with significant holdings in Continue Reading about Econo Lodge Midlothian – 6523 Midlothian TurnpikeRichmond VA, 23225
recentsales
Masters Inn – 300 Wingo WayMount Pleasant GA, 29464
Mumford Company was pleased to represent Supertel Hospitality in the recent sale of the Masters Inn of Mount Pleasant, South Carolina, a suburb of Charleston. This was the 37th transaction completed on behalf Supertel Hospitality by Mumford Company. The purchaser, OTV Masters, LLC is a local investment group with existing holdings in the area’s hospitality industry. This 119-room hotel is located Continue Reading about Masters Inn – 300 Wingo WayMount Pleasant GA, 29464
Masters Inn – 2682 Windy Hill RoadAtlanta/Marietta GA, 30067
Mumford Company represented Supertel Hospitality in the sale of the Masters Inn of Marietta, Georgia, a suburb of Atlanta. This is the second closing in a week on behalf of Supertel Hospitality and represents the 38th transaction completed on behalf of this seller by Mumford Company. The purchaser was a regional investment group with existing holdings in the hospitality industry. Their plans are Continue Reading about Masters Inn – 2682 Windy Hill RoadAtlanta/Marietta GA, 30067
Confidential Listing – New London
Mumford Company represented PNL I, LLP in the recent sale of the Radisson Hotel of New London, Connecticut to J and H Hospitality, LLC. The buyers utilized SBA financing from a regional bank to complete this acquisition. They plan to make extensive renovations to the hotel and convert it to the Holiday Inn brand over the coming months. The hotel has been a solid performer in the recent past and Continue Reading about Confidential Listing – New London
Super 8 – 2400 National RoadWheeling WV, 26003
The Mumford Company was pleased to once again represent an affiliate of Eastern Lodging, Inc. in the sale of the Super 8 of Wheeling, West Virginia to Vraj Mondal, Inc. This is the 18th property that Mumford Company has sold on behalf of this organization and is part of an on-going, multi-unit disposition program. This property also represents Mumford Company’s 20th hotel transaction thus far for Continue Reading about Super 8 – 2400 National RoadWheeling WV, 26003
Super 8 – 1330 Thomas StreetHampton VA, 23669
The Mumford Company was pleased to once again represent an affiliate of Eastern Lodging, Inc. in the sale of the Super 8 Motel of Hampton, Virginia to a local owner/operator group, Krish Aashi, LLC. This is the 17th property that Mumford Company has sold on behalf of affiliates of Eastern Lodging and is part of an on-going, multi-unit disposition program that Mumford Company is executing for the Continue Reading about Super 8 – 1330 Thomas StreetHampton VA, 23669
Confidential Listing – Yorktown
The Mumford Company was pleased to represent a national loan servicing organization in the recent sale of the Courtyard by Marriott hotel of Yorktown, Virginia to Yorktown Lodging Partners, an affiliate of Landmark Hotel Group of Virginia Beach. This 90 room hotel was built in 1998 and is strategically located to a myriad of lodging demand generators on the Virginia Peninsula. The purchasers plan Continue Reading about Confidential Listing – Yorktown
Capital Hotel Inn – 101 North Cottage Green DriveAshland VA, 23005
Lender Owned Hotel Transactions on Upswing as Demonstrated by Mumford Company’s Brokerage of Capital Hotel Inn of Ashland, Virginia and Other Recent Activities The Mumford Company was pleased to represent The Bank of the Commonwealth in the recent sale of the Capital Hotel Inn of Ashland, Virginia to F&T Hospitality, LLC. F&T Hospitality is an experienced operator in Virginia. They plan to make Continue Reading about Capital Hotel Inn – 101 North Cottage Green DriveAshland VA, 23005
