Mumford Company was pleased to represent Mountain Valley Associates in the recent sale of the Rodeway Inn of Roanoke, Virginia to Star City Lodging, LLC. The sale was structured by David David Mumford and Ed James of the Mumford Company’s corporate office in Newport News, Virginia. The purchaser, a regional, multi-unit owner and operator, plans to update and renovate the hotel in order to improve Continue Reading about Rodeway Inn – Roanoke VA
recentsales
Confidential Listing – Southern
The Mumford Company is pleased to announce the facilitation of the HomeLife Suites of Evansville, IN recently. The 91 unit property included a long term land lease and is well located near a major mall. The seller is a local multi property owner and the purchasser was an Illinois based owner operator who plans to continue operation under the HomeLife brand. Lance Potter, Vice President of Continue Reading about Confidential Listing – Southern
Super 8 – 1800 Tappahannock BoulevardTappahannock VA, 22560
The Mumford Company was pleased to once again represent Eastern Lodging in the recent sale of the Super 8 of Tappahannock, Virginia to Jay Hotels, LLC. This was the 23rd sale in which Mumford Company has represented affiliates of Eastern Lodging. The buyers' plan to make cosmetic improvements to the property and capitalize on their local management and marketing presence to improve business Continue Reading about Super 8 – 1800 Tappahannock BoulevardTappahannock VA, 22560
America’s Best Inn – 8220 Dix Ellis TrailJacksonville FL, 32256
The Mumford Company was pleased to represent Park Properties, Inc., an affiliate of a Florida based financial institution, in the sale of the America's Best Inn of Jacksonville, Florida to Guru Krupa Charmi, LLC. The buyers are a regional owner/operator group who plans to make cosmetic renovations to the property and expand their marketing efforts to improve property operations. A proven leader Continue Reading about America’s Best Inn – 8220 Dix Ellis TrailJacksonville FL, 32256
Super 8 – 14227 Jones StreetLavonia GA, 30553
The Mumford Company was pleased to represent Balmoral Properties, Inc in the sale of the Super 8 of Lavonia, Georgia to Bhagwan Swaminarayan LLC. This sale generated strong buyer interest, with a number of offers. The buyers are a regional investment group that plans to make renovations to the property to upgrade to the new Super 8 Innovate brand standards. Celebrating their 30th anniversary in Continue Reading about Super 8 – 14227 Jones StreetLavonia GA, 30553
Econo Lodge – 20080 Brewer’s Neck BoulevardCarrollton VA, 23314
The Mumford Company was pleased to represent Powell, LLC in the sale of the Econo Lodge of Carrollton, Virginia to Alpha Hospitality, Inc. The Econo Lodge was Powell's only remaining hospitality asset. The purchasers are experienced hotel operators from the greater Richmond area. They plan to make cosmetic renovations to the hotel and retain the Econo Lodge franchise affiliation. A proven leader Continue Reading about Econo Lodge – 20080 Brewer’s Neck BoulevardCarrollton VA, 23314
Bradbury Suites – 155 Bourne AvenueSavannah GA, 31322
The Mumford Company was pleased to represent a national loan servicing organization in the sale of the Bradbury Suites of Savannah, Georgia to DIA SURI, LLC. This sale generated strong buyer interest, with 18 offers, and was completed in just over 4 months. The buyers are a local investment group that plans to make renovations to the property and affiliate it with the Best Western brand. A proven Continue Reading about Bradbury Suites – 155 Bourne AvenueSavannah GA, 31322
Super 8 – 1599 Armory DriveFranklin VA, 23851
The Mumford Company was pleased to once again represent Eastern Lodging, Inc. in the sale of the Super 8 Motel of Franklin, Virginia to Oasis Hotels, LLC. This is the 22nd hotel that Mumford has sold on behalf of Eastern Lodging and its affiliates. The buyers plan to make cosmetic renovations to the hotel, retain the Super 8 franchise and capitalize on the revitalization of the local paper mill to Continue Reading about Super 8 – 1599 Armory DriveFranklin VA, 23851
Holiday Inn Express – 200 Flagler Plaza Dr.Palm Coast FL, 32137
The Mumford Company was pleased to represent Silver Lining Ventures, Inc. in the recent sale of the Holiday Inn Express of Palm Coast, Florida to JAY MAA AMBE Property Management, LLC. The sale is part of a strategic disposition program on the part of the sellers. The purchasers plan to make significant renovations to the hotel and maintain the Holiday Inn Express franchise affiliation. The Continue Reading about Holiday Inn Express – 200 Flagler Plaza Dr.Palm Coast FL, 32137
Royal Inn – 332 Caroline StreetOrange VA, 22960
The Mumford Company was once again pleased to represent Virginia Community Bank in the sale of the former Royal Inn of Orange, Virginia to Caroline Street Orange, LLC. This is the 2nd hotel in the past year that Mumford has sold on behalf of the Bank. The purchasers are a local investor group who plan to make renovations to the property and operate independently. A proven leader in the field of Continue Reading about Royal Inn – 332 Caroline StreetOrange VA, 22960
Holiday Inn Express – 1905 SW Frontage Rd.Van Horn TX, 79855
Lance Potter (Mumford Chicago) and Bryan Blanchard (Mumford Dallas) are pleased to have facilitated the sale of the Holiday Inn Express of Van Horn, Texas. The 45-room hotel was sold for an undisclosed amount and will be joining the Quality Inn chain, following some minor renovations. A Houston based ownership group will be operating the hotel and is pleased to have purchased their second hotel Continue Reading about Holiday Inn Express – 1905 SW Frontage Rd.Van Horn TX, 79855
Days Inn – Oyster Point – 11829 Fishing Point DriveNewport News VA, 23606
The Mumford Company was pleased to represent PMC Commercial Trust in the recent sale of the Days Inn Oyster Point of Newport News to Shrihari, LLC. PMC, a national hospitality lender, aquired the property through foreclosure in May of 2012 and Mumford Company was able to complete the sale of the property in less than 90 days. The buyers, Shrihari, LLC, are experienced hotel owner/operators who Continue Reading about Days Inn – Oyster Point – 11829 Fishing Point DriveNewport News VA, 23606
Gainesville Hotel & Conference Cntr. – 7417 Newberry RoadGainesville FL, 32605
A proven leader in the field of hotel real estate brokerage, Mumford Company’s commitment to results-oriented customer service has yielded outstanding client results year after year. As a specialist in mid-market assets, Mumford Company has structured the sale of hundreds of hotels in the past five years alone, representing a wide array of owners and investors. For more information, please call Continue Reading about Gainesville Hotel & Conference Cntr. – 7417 Newberry RoadGainesville FL, 32605
Ramada – 61 Heather LanePerryville MD, 21903
The Mumford Company is pleased to announce facilitation the sale of the Ramade Inn Of Perryville, Maryland today. Located off I-95 in northern Maryland the property had been owned and oeprated by a privately held, multi faceted real estate group. The purchaser was a New York based lodging operator that plans to complete cosmetic upgrades and reposition the property to Days Inn. According to Justin Continue Reading about Ramada – 61 Heather LanePerryville MD, 21903
Motel 6 – 3236 West Gentry ParkwayTyler TX, 75702
The Mumford Company is pleased to have represented Accor N.A. and Motel 6 in the sale of the Motel 6 - Tyler Texas to Kuber Investments Inc. The new owner will operate the hotel as an independent hotel for the foreseeable future. Randy Lee (Mumford Dallas) managed the transaction. A proven leader in the field of hotel real estate brokerage, Mumford Company’s commitment to results-oriented Continue Reading about Motel 6 – 3236 West Gentry ParkwayTyler TX, 75702
Quality Inn – 8501 Hampton BoulevardNorfolk VA, 23505
The Mumford Company was pleased to once again represent a major national loan servicing organization in the recent sale of the Quality Inn Naval Base of Norfolk, Virginia to Silver Bay, LLC. This is the 11th property that Mumford has transacted on behalf of this servicing organization in recent years. The buyer is based in central Virginia and is a veteran hotelier. They plan to make cosmetic Continue Reading about Quality Inn – 8501 Hampton BoulevardNorfolk VA, 23505
