Mumford Company, a full-service hotel advisory firm since 1978, was pleased to once again represent affiliates of Sotherly Hotels, Inc. in the sale of the Sheraton Louisville Riverside Hotel located in Jeffersonville, Indiana. The purchaser, Riverside Hotel, LLC, is a partnership of two multi-unit hotel ownership groups with holdings across the eastern half of the US, including several existing assets in the metro Louisville market. The Sheraton is a 180 key, full-service property situated near the banks of the Ohio River, with expansive views and easy access to Downtown Louisville. The new ownership group plans to continue the Sheraton franchise affiliation with an extensive renovation program as well as retaining Our Town Hospitality in its’ management capacity in an effort to capitalize on the explosive growth current being experienced in the Jeffersonville submarket. David B. Mumford, Senior Principal in the firms Newport News headquarters, along with Burton Brooks, Principal in Mumford Company's Georgia office and George Arvanitis, Managing Director – Midwest of the firm’s Chicago office worked to bring this transaction to close.
About Mumford Company:
Mumford Company was established in 1978 to provide top quality hotel brokerage services and has a team of brokerage professionals with broad experience in all aspects of lodging acquisitions, development, consulting and operations. They represent sellers of most major brands in markets throughout the country, and their diverse background allows them to have an awareness of key opportunities within the marketplace, so they can accurately position their client's assets to maximize their investment results. The firm has an experienced sales team in regional offices across the country, including Newport News, Virginia; Atlanta, Georgia; Chicago, Illinois; Dallas, Texas, Washington DC, and Tampa, Florida. Their track record of success for buyers and sellers have made Mumford Company a leader for the last 41 years while upholding the values of the company from when it first began. For more information or to put the Mumford Company team to work for you, please contact Mumford at 757-873-0962, or by e-mail at sales@mumfordcompany.com.