The Mumford Company is pleased to announce the sale of two Mainstay Suites Hotels owned by David Drye Company. These were the fifth and sixth transactions structured by Mumford Company on behalf of the seller, a regional hotel and multi family developer, owner, operator. Ed James of the Mumford Company’s headquarters in Newport News, Virginia, Tom Sommer of the firm’s Chicago, Illinois office and Continue Reading about Mainstay Suites – Kannapolis NC
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Hampton Inn – Somerset PA
The Mumford Company is pleased to have once again represented affiliates of Virginia Inn Management in the sale of the Hampton Inn of Somerset, Pennsylvania to Whispering Hospitality, LLC. David Mumford of the Mumford Company's headquarters in Newport News, VA and Tom Sommer of the firm’s Chicago, IL office facilitated the sale for $7,200,000. This is the second hotel that Mumford Company has sold Continue Reading about Hampton Inn – Somerset PA
Motel 6 – Grand Prairie TX
The Mumford Company is pleased to have represented Motel 6 and Accor Hospitality in the sale of the Motel 6 in Grand Prairie, TX to AUM, LLC. Randy Lee with the Mumford Company’s Dallas, Texas office facilitated the sale and confirms that the buyer of the hotel is a regional owner and operator of extended stay hotels in Texas. An extensive refurbishment of the hotel property is planned which will Continue Reading about Motel 6 – Grand Prairie TX
Hampton Marina Hotel – Hampton VA
The Mumford Company was pleased to represent Hampton Economic Development Corporation in the recent sale of the Hampton Marina Hotel located in downtown Hampton, Virginia to Hampton Hotel Associates, an affiliate of MHI Hospitality, Inc., a publicly traded REIT. The purchaser plans to invest over $5,000,000 to convert the property to the Crowne Plaza brand and reposition the hotel as a market Continue Reading about Hampton Marina Hotel – Hampton VA
Holiday Inn Express – Statesboro GA
The Mumford Company was pleased to advise in the disposition of the Holiday Inn Express of Statesboro, GA. Steve Kirby and Burton Brooks of the firm’s Atlanta office were actively involved in the engagement. The four story, 92 room, interior corridor structure will be repositioned to another brand in July of this year after cosmetic renovations. The Mumford Company, the Nation’s Leading Broker of Continue Reading about Holiday Inn Express – Statesboro GA
Ramada Downtown North – Louisville KY
The Mumford Company was once again pleased to represent the James family interests in the sale of the Ramada Inn of Louisville, Kentucky to Quadrant Hospitality, LLC. David Mumford of the Mumford Company’s headquarters in Newport News, VA, Tom Sommer of the firm’s Chicago office and Mike Francis of the firm’s Dallas office facilitated the sale for an undisclosed price. This is the third hotel Continue Reading about Ramada Downtown North – Louisville KY
Sleep Inn – Concord NC
The Mumford Company is pleased to have represented the David Drye Company in the sale of the Sleep Inn of Concord North Carolina to S D Hospitality, Inc. Ed James and Matt Winston of the Mumford Company’s headquarters in Newport News, VA, marketed the property and facilitated the sale for an undisclosed amount. According to Ed James, "The Sleep Inn of Concord is an exceptional property in the very Continue Reading about Sleep Inn – Concord NC
Days Inn – Indianapolis IN
The Mumford Company has arranged the sale of the Days Inn of Indianapolis, Indiana on behalf of a Bowling Green, Kentucky based seller to Westloop Hotels, LLC. The hotel was sold for an undisclosed price and will remain a Days Inn. The sale was facilitated by Steve Kirby of the Mumford Company’s Atlanta, GA office and Lance Potter of the firm’s Chicago, IL office. According to Lance Potter, “the Continue Reading about Days Inn – Indianapolis IN
Days Inn – Pikeville KY
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
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
