The Mumford Company is pleased to represent Continental Management in the recent sale of the Super 8 of Ankeny, Iowa, to Aashay LLC, a Missouri based investor. The transaction was structured by David Mumford of the Mumford Company’s headquarters in Newport News, Virginia, Lance Potter of the firms’ Chicago, Illinois location and Randy Lee of the firms’ Dallas, Texas location. The purchaser plans Continue Reading about Super 8 – Ankeny IA
recentsales
Corporate Suites – Burlington NC
The Mumford Company arranged the sale of the Corporate Suites of Burlington, North Carolina to Maniba, LLC. The seller was Corporate Suites of Burlington, LLC. The transaction was facilitated by Matt Winston of the Mumford Company’s office in Newport News, Virginia and Randy Lee of the firm’s Dallas, Texas location. The purchaser plans to continue to operate the property as an extended stay hotel Continue Reading about Corporate Suites – Burlington NC
Comfort Inn – Virginia Beach VA
The Mumford Company was pleased to have once again represented the Richardson Family interests in the recent sale of the Comfort Inn of Virginia Beach to La Quinta Acquisitions, LLC. The sale was structured by David Mumford of the firm’s headquarters in Newport News, VA and Randy Lee of the firm’s office in Dallas, TX. This is the second hotel transaction in which The Mumford Company had the Continue Reading about Comfort Inn – Virginia Beach VA
Microtel Inn – Columbus OH
The Mumford Company is pleased to announce the sale of the 92-room Microtel Inn in Columbus, Ohio. This transaction was structured on behalf of LNR Partners, a national financial services organization. The purchaser is Columbus based and plans on continuing to operate the property as a Microtel Inn. Celebrating their 30th anniversary in 2008, the Mumford Company is a proven leader in the field of Continue Reading about Microtel Inn – Columbus OH
Comfort Inn – 4424 Cleburne BoulevardDublin VA, 24084
Mumford Company was pleased to once again represent Supertel Hospitality in the sale of the Comfort Inn of Dublin, Virginia to Vrindavan Hospitality, LLC. This was the 33rd property that Mumford Company has sold on behalf of Supertel over the past 10+ years. The purchasers’ are experienced hotel operators’ in the Mid-Atlantic region who plan to make significant renovations to the property and Continue Reading about Comfort Inn – 4424 Cleburne BoulevardDublin VA, 24084
Super 8 – 603 Venture DriveMorgantown WV, 26503
Mumford Company was pleased to once again represent affiliates of Super 8 Motel Developers in the sale of the Super 8 Motel of Morgantown, West Virginia to Anami Hotels, LLC. This was the 14th hotel that Mumford Company has sold on behalf of this organization over the past decade. The Morgantown property is a very strong performer and in good physical condition. The purchasers, who are multi-unit Continue Reading about Super 8 – 603 Venture DriveMorgantown WV, 26503
Country Inn & Suites – 200 Raley RoadPort Wentworth GA, 21419
Mumford Company recently completed the sale of the Port Wentworth, GA Country Inn and Suites Savannah on behalf of SMS Hotels, Inc. The purchaser, Hayley Sheth Investments, LLC, utilized an SBA 7(a) loan facilitated by a national lender for the acquisition. The 61 room hotel will undergo renovations as required by the franchisor and retain the Country Inn & Suites brand affiliation. Ideally Continue Reading about Country Inn & Suites – 200 Raley RoadPort Wentworth GA, 21419
Lender Owned – 8240 North Davis HighwayPensacola FL, 32514
LPTO Trust has acquired from GE Capital the former America's Best Value hotel in Pensacola, FL. Mumford Company represented GE Capital Franchise Finance on the sale of the closed hotel. The property will be reopened by LPTO following renovations and conversion to multi-family use. Mike Francis with Mumford Company’s Dallas, TX office and David Mumford with the Newport News, VA office facilitated Continue Reading about Lender Owned – 8240 North Davis HighwayPensacola FL, 32514
