The Mumford Company was pleased to advise Musselman Hotels in the recent disposition of the Days Inn of Pikeville, KY. Steve Kirby, of Mumford’s Atlanta office, and Tom Sommer, of the firm’s Chicago office, represented the seller, a Louisville based multi property developer and management company owner. The property was ultimately transferred to Pikeville College after determining that highest Continue Reading about Days Inn – Pikeville KY
recentsales
Best Western – Wilson NC
The Mumford Company has arranged the sale of the Best Western of Wilson, North Carolina on behalf of La Sammana Investment, LLC to UVAA Hospitality, LLC. The sale was facilitated by Tom Sommer of the Mumford Company’s Chicago, Illinois office and Justin Pinkard of the firm’s headquarters in Newport News, Virginia. The 80 room hotel which is located about one hour outside of Raleigh was sold for an Continue Reading about Best Western – Wilson NC
Days Inn & Suites – Marion IN
The Mumford Company has arranged the sale of the Days Inn and Suites of Marion, Indiana on behalf of Titan Loan Investment Fund, L.P. to UKP II, LLC. The hotel was sold for an undisclosed price and will remain a Days Inn. According to Lance Potter of Mumford Company’s Chicago, Illinois office, who represented Titan, “the hotel represented an excellent value in a pleasant Indiana city that is Continue Reading about Days Inn & Suites – Marion IN
Mainstay Suites – Charlotte NC
The Mumford Company represented the David Drye Company in the sale of the Mainstay Suites of Charlotte, NC. The sale was structured by Ed James and George Mumford of the Mumford Company’s headquarters in Newport News, Virginia for an undisclosed price. This 77 unit extended stay property was purchased by The Generation Companies of Raleigh, NC one of nation’s largest owners and operators of mid Continue Reading about Mainstay Suites – Charlotte NC
Super 8 Motel – Alamogordo NM
The Mumford Company served as exclusive advisor to Norcal Management Company, Inc in the recent sale of the Super 8 in Alamogordo, NM to a private individual. The sale was structured by Randy Lee of the firm’s Dallas, Texas office who confirms that the buyer plans to significantly modernize the hotel and continue to operate it as a Super 8. The fifty-seven unit, interior corridor Super 8 is Continue Reading about Super 8 Motel – Alamogordo NM
Motel 6 – Amarillo TX
Accor North America was represented by the Mumford Company in the sale of Motel 6 in Amarillo, TX to Paramount Hospitality LP. Randy Lee, Vice President, with the The Mumford Company’s Dallas, Texas office facilitated the sale. Motel 6 continues a strong presence in the Amarillo, Texas marketplace with three remaining properties strategically located along the I-40 corridor. Paramount Hospitality Continue Reading about Motel 6 – Amarillo TX
Econo Lodge – Dunn NC
The Mumford Company served as exclusive advisor to Pud, Inc in the recent sale of the Econo Lodge of Dunn, NC to Dylan Hotel LLC. The deal was facilitated by Justin Pinkard of the Mumford Company’s headquarters in Newport News, Virginia. The purchaser, Dylan Hotel LLC., plans to convert the hotel to the Super 8 brand immediately upon completing renovations. Celebrating their 30th anniversary in Continue Reading about Econo Lodge – Dunn NC
Hampton Inn – New Albany IN
The Mumford Company represented Woods Bay Lodging, LLC in the sale of the Hampton Inn of New Albany, Indiana (Louisville, MSA). The deal was facilitated by a collaboration of Steve Kirby of the Mumford Company’s Atlanta, Georgia office, Tom Sommer of the firm’s Chicago, Illinois office and Randy Lee of the firm’s Dallas, Texas location. The seller was an Indianapolis based, single lodging asset Continue Reading about Hampton Inn – New Albany IN
