The Mumford Company once again represented Eastern Lodging, Inc. in the recent sale of the leasehold interest in the Super 8 Motel of College Park, Maryland to JK Lodging, LLC. This is the 20th transaction that Mumford Company has structured on behalf of Eastern Lodging and its’ affiliates as a part of their long-term disposition strategy. Year to date, including this sale, Mumford Company has Continue Reading about Super 8 – 5615 Chamberlayne RoadRichmond VA, 23227
recentsales
Hampton Inn – 1382 Highway 258 SouthKinston NC, 28501
Mumford Company was proud to represent Neuse Hospitality, LLC in the sale of the Hampton Inn of Kinston, North Carolina to LRP Hotels of Carolina,LLC. The Seller is a wellestablished local real estate developer primarily involved in the restaurant business in eastern North Carolina. They initially purchased the property through Mumford Company in 2001. The purchaser was LRP Hotels of Carolina, Continue Reading about Hampton Inn – 1382 Highway 258 SouthKinston NC, 28501
Econo Lodge Midlothian – 6523 Midlothian TurnpikeRichmond VA, 23225
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
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
Motel 6 – 2660 Forest LaneDallas TX, 75
The Mumford Company is pleased to have represented Motel 6 and Accor Hospitality North America in the sale of the Motel 6 Dallas - Forrest Lane to Aum Sriram LLC. The Buyer will operate the hotel as Motel 6 Franchise after completing an extensive modernization. Randy Lee with Mumford Dallas managed the transaction. A proven leader in the field of hotel real estate brokerage, Mumford Company’s Continue Reading about Motel 6 – 2660 Forest LaneDallas TX, 75
Howard Johnson & Quality Inn – Hampton VA, 0
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 Howard Johnson & Quality Inn – Hampton VA, 0
Outlet Mall Inn – 6493 Richmond RoadWilliamsburg VA, 23188
Mumford Company was pleased to represent United Central Bank of Texas in the recent sale of the Williamsburg Outlet Mall Inn to AP Investment, LLC, a California-based investment group. This sale represents the 13th transaction for Mumford Company to date for 2011. The purchasers plan to make cosmetic renovations to the hotel and capitalize on its' strategic location near the Williamsburg Pottery Continue Reading about Outlet Mall Inn – 6493 Richmond RoadWilliamsburg VA, 23188
America’s Best Inn – 5135 Carmichael RoadMontgomery AL, 36106
The Mumford Company has arranged the sale of the America's Best Inn in Montgomery, Alabama on behalf of the Illinois based Seller to an Ohio based ownership group. The hotel was sold for an undisclosed price. According to Lance Potter, "the hotel represented an excellent value at a price well below replacement cost, in a very accessible location of suburban Montgomery." The 75 room hotel is Continue Reading about America’s Best Inn – 5135 Carmichael RoadMontgomery AL, 36106
Innkeeper – 2139 North Marine BoulevardJacksonville NC, 28546
Mumford Company represented an affiliate of Daly Seven Hotels in the sale of the Innkeeper of Jacksonville, North Carolina. Mumford Company has enjoyed a long term business relationship with Daly Seven Hotels and their affiliates. This transaction represents the 11 sale brokered by Mumford in 2011. The purchaser, Crystal Coast Hospitality, Inc is a regional owner and developer of hotels and plans Continue Reading about Innkeeper – 2139 North Marine BoulevardJacksonville NC, 28546
Super 8 – 2385 Riverside DriveDanville VA, 24540
The Mumford Company was pleased to once again represent Eastern Lodging, Inc., in the recent sale of the Super 8 Motel of Danville, Virginia to Shivani Corp, a regional hotel operator. The sale of this property is part of a strategic disposition program implemented by the sellers. This is the 16th property that Mumford Company has sold on behalf of this ownership group in the past decade. The Continue Reading about Super 8 – 2385 Riverside DriveDanville VA, 24540
