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Mumford Company | Trusted Hotel Advisors Since 1978

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Best Western 1522 Andrew Road Murphy, North Carolina 28906

September 28, 2023 by

DEAL FEATURES Excellent location on Andrew Jackson Highway One of few franchised hotels in Murphy market SBA financing candidate Ideal size and operating model for owner/operator Offered at discount to replacement cost Oversized lot for truck or RV parking Nearby casino undergoing $275 million expansion BUILDING OVERVIEW 2 Stories, Exterior Corridor Block Continue Reading about Best Western 1522 Andrew Road Murphy, North Carolina 28906

Best Western Historic Area Inn – 201 Bypass Rd, Williamsburg, VA, 23185

September 19, 2023 by

Strong performance in both revenues and profitability Central location in a leading East Coast destination resort market Property is in excellent condition, qualifies for Auto Transfer with Best Western and requires modest renovations upon change of ownership Current franchise could be cancelled with 60 days written notice Asset is offered at a significant discount to replacement Continue Reading about Best Western Historic Area Inn – 201 Bypass Rd, Williamsburg, VA, 23185

Holiday Inn Christiansburg/Blacksburg, VA

August 30, 2023 by

DEAL FEATURES Excellent location minutes from VA Tech and Interstate 81 Easy access to university and local demand generators Positive trend in occupancy and revenue post-Covid High barrier to entry in local university market Priced to sell considerably below replacement cost BUILDING OVERVIEW 5 Stories, Interior Corridor Wood & Steel Construction Dryvit Façade Continue Reading about Holiday Inn Christiansburg/Blacksburg, VA

Clarion Pointe Greensboro Airport – 7800 National Service Road Greensboro, North Carolina 27409

August 28, 2023 by

DEAL FEATURES Excellent Interstate location SBA financing candidate Ideal size and operating model for owner/operator Hotel renovated and converted to Clarion Pointe in late 2020 Offered at discount to replacement cost Limited renovations costs expected BUILDING OVERVIEW 4 Stories, Interior Corridor Block Construction Brick and EIFS Façade Built-Up Roof with Continue Reading about Clarion Pointe Greensboro Airport – 7800 National Service Road Greensboro, North Carolina 27409

Sleep Inn / MainStay Suites – 901 1st Avenue East, Meridian, MS

August 18, 2023 by

DEAL FEATURES Excellent Interstate 20/59 location Ideal size and operating model for owner/ operator Offered at discount to replacement cost Limited renovations costs expected BUILDING OVERVIEW 3 Stories, Interior Corridor Wood Frame Construction Stone and Stucco Façade NEW Shingle Roof Asphalt Parking Lot PROPERTY HIGHLIGHTS 69 Guest Rooms 38 Continue Reading about Sleep Inn / MainStay Suites – 901 1st Avenue East, Meridian, MS

REDEVELOPMENT OPPORTUNITY: Former OYO Hotel – Lake Charles, LA

August 18, 2023 by

DEAL FEATURES Ideal hotel redevelopment opportunity Property ideal size to convert to limited-service, extended-stay, or multi-family Building has been stripped down to the studs Potential Key Money available from brands, in-cluding Americas Best Value Inn, Baymont Inn, Days Inn or Travelodge BUILDING OVERVIEW 4 Buildings (±33,536 Square Feet) 2 Stories, Exterior Continue Reading about REDEVELOPMENT OPPORTUNITY: Former OYO Hotel – Lake Charles, LA

Days Inn – 5196 US Route 60 Huntington, WV

August 11, 2023 by

DEAL FEATURES Strong location at intersection of Interstate 64 and US Route 60 (Midland Trail) Minutes from Marshall University SBA financing candidate Ideal size and operating model for owner/operator Offered at discount to replacement cost Ability to re-position property through change of franchise and renovations BUILDING OVERVIEW 3 Buildings 2 Stories, Exterior Continue Reading about Days Inn – 5196 US Route 60 Huntington, WV

Quality Inn & Suites – 2118 E 5th St, Metropolis, IL 62960

July 17, 2023 by

DEAL FEATURES Ranks #2 on Trip Advisor Among Hotels in the Paducah KY-IL Micropolitan 2020 Choice Gold Award Winner—“Top 100 Hotel in USA Paducah KY-IL Micropolitan serves 98,000 people Offered at discount to replacement cost Minimal PIP expected BUILDING OVERVIEW 2 Stories, Interior Corridor Block Construction Stucco & Wood Siding Façade Pitched, Asphalt Continue Reading about Quality Inn & Suites – 2118 E 5th St, Metropolis, IL 62960

TownePlace Suites – Southaven, Mississippi

July 14, 2023 by

DEAL FEATURES Excellent location off Interstate in a high growth suburb Relatively new, premium-branded, all suites asset Offered at discount to replacement cost Revenues & market share rapidly recovering from Covid-related declines in 2020 BUILDING OVERVIEW 4 Stories, Interior Corridor Concrete Construction EFIS Façade Flat, Built-Up Roof Asphalt Parking Lot Continue Reading about TownePlace Suites – Southaven, Mississippi

Quality Inn – 102 Drake St I-57, Charleston, MO 63834

July 14, 2023 by

DEAL FEATURES Excellent Interstate 57 location at highly traveled exit I-57 Expansion to Little Rock expected to be completed in next 3 years, promising dramatic increase in traffic volume Recognized national brand SBA financing candidate Ideal size and operating model for owner/ operator Offered at discount to replacement cost Strong upside potential through full renovation Continue Reading about Quality Inn – 102 Drake St I-57, Charleston, MO 63834

Super 8 – 310 South Story Street Charleston, Missouri, 63834

July 13, 2023 by

DEAL FEATURES Highly traveled Interstate 57 exit Current expansion of I-57 expected to dramati-cally increase traffic volume within next 3 years SBA financing candidate Appealing interior/exterior corridor design Offered at discount to replacement cost Upside potential after full renovation BUILDING OVERVIEW 1 Story Interior & Exterior Corridors Wood Frame Continue Reading about Super 8 – 310 South Story Street Charleston, Missouri, 63834

Best Western Lake Cumberland Inn – 2030 East Highway 90 Monticello, Kentucky, 42633

May 24, 2023 by

Leading hotel in the market Excellent location in south-central Kentucky near Lake Cumberland SBA financing candidate Ideal size and operating model for owner/ operator Offered at discount to replacement cost Location/Market Close to Regional Demand Generators: Lake Cumberland Manufacturers such as American Woodmark, Trifecta Ventures, and Cobb-Vantress, Inc. (Tyson Continue Reading about Best Western Lake Cumberland Inn – 2030 East Highway 90 Monticello, Kentucky, 42633

UNDER CONTRACT
Best Western Chincoteague Island – 7105 Maddox Blvd, Chincoteague Island VA, 23336

May 1, 2023 by

Excellent location on Chincoteague’s primary commercial corridor Closest hotel to the Assateague Beach, just outside Chincoteague National Wildlife Refuge and Assateague Island National Seashore Multi-Year Winner of the M. K. Guertin Award, Best Western’s highest award Ideal size and operating model for owner/ operator Built, owned, and operated as a one-family business since Continue Reading about UNDER CONTRACT
Best Western Chincoteague Island – 7105 Maddox Blvd, Chincoteague Island VA, 23336

UNDER CONTRACT
Wyndham Garden Inn – 01 Water Country Pkwy, Williamsburg, VA 23185

May 1, 2023 by

WYNDHAM GARDEN INN

Excellent location just off I-64 near Busch Gardens, Water Country USA, Colonial Williamsburg, and College of William & Mary Solidly constructed building Attractively priced asset in relation to current performance results as well as replacement cost Limited renovations costs expected Location/Market Centrally located between Richmond, Virginia’s State Capitol, and Virginia Continue Reading about UNDER CONTRACT
Wyndham Garden Inn – 01 Water Country Pkwy, Williamsburg, VA 23185

UNDER CONTRACT
Days Inn – 616 Fair Road, Statesboro, GA 30458

May 1, 2023 by

DAYS INN8

Excellent location off US Highway 301 across the street from athletic facilities at Georgia State University SBA financing candidate Ideal size and operating model for owner/ operator Opportunity to capture additional market share after renovation Offered at discount to replacement cost Location/Market Bulloch County is the 3rd fastest growing county and the 3rd most populous Continue Reading about UNDER CONTRACT
Days Inn – 616 Fair Road, Statesboro, GA 30458

Quality Inn & Suites – 44266 Fairground Rd, Caldwell, OH, 43724

May 1, 2023 by

Revenues & market share rapidly recovering from Covid-related declines in 2020 Monthly revenue improvement from April 2021 through November 2021 averages $13,875 Trailing 3-month RevPAR index for the property is up 31% Well maintained property Minimal PIP expected & Choice is also offering a reduced affiliation fee of $7,500 for re-licensing Ability to drive revenues with Continue Reading about Quality Inn & Suites – 44266 Fairground Rd, Caldwell, OH, 43724

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CUSTOMER TESTIMONIALS

Highly Impressed By His Knowledge And Integrity

I have worked with David Mumford and Mumford Company on several transactions over the last 13 years, and I’ve been highly impressed by his immense knowledge of the hospitality industry, specific brands and his integrity. I thank David and his group for their vast knowledge in this industry and look forward to working with them again!

Jay Patel

A Pleasure Working With You

"Dear Mr. Kirby ... Armen and I would like to thank you, Burton Brooks and your company for helping to sell our property. We would like to especially thank Mr. Brooks for his hard work and due diligence. We can honestly say that it was a pleasure working with both of you. ... Both you and Mr. Brooks made this an extremely positive experience. We will always highly recommend The Mumford Company and hope to continue to do future business with you. God Bless, Always."

Armen and Priti Grigorian

Beyond Normal Broker Expectations

Ed, You went beyond normal 'Broker" expectations and responsibilities with all your Best Western communications and planning for the transfer of the membership as well as working with the purchaser though the whole process. I have never seen a Broker do so many well done tasks to get a hotel sold. You are the man,

Harvey Moore

I truly appreciate it

"Thanks very much for your cooperation in this transaction. It was a pleasure working with you all. I truly appreciate it. It was also pleasure working with seller for their their understanding and full cooperation."

Pravin K. Patel

A “win / win” for every deal

I have worked with David and Mumford & Co - Hotel Brokers since 1991. I have used them numerous times as both a seller and a purchaser. David’s deep knowledge of the market and timeliness in working the "deal" is without question the best I have experienced in the hotel real estate brokerage. In these challenging times, I value David’s integrity and creative ideas in getting to a "win / win" for every deal we work on. My highest recommendation!

Michael L. Allen

New Albany Hampton Inn

"Dear Robert ... You recommended the Mumford Company two years ago, and I could not have been more pleased. As you know, the sale of the New Albany Hampton Inn was challenging. Steve Kirby and the rest of his team were very professional, gave me consistently good advice, was clearly on our side through the whole ordeal, I always felt very well represented by them and were a joy to work with from beginning to end."

Kevin S. McKenney

Our Team

David Mumford
Senior Principal
David Mumford
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Ed James
Managing Principal
Ed James
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Steve Kirby
Managing Principal
Steve Kirby
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Justin Pinkard
Principal
Justin Pinkard
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George Arvanitis
Managing Director - Midwest
George Arvanitis
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Ryan Patterson
Vice President
Ryan Patterson
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Carter Willcox
Vice President
Carter Willcox
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GR Patel
Senior Associate
GR Patel
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Tripp Lowe
Sales Associate
Tripp Lowe
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Andrew Lowe
Sales Associate
Andrew Lowe
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John James
Senior Associate
John James
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Lillian Walker
Sales Analyst
Lillian Walker
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