Baymont Inn & Suites


Price:
$5,275,000


Mumford Company is pleased to announce the sale of the Baymont Inn & Suites of Boone, NC for Gearing Capital Partners, a Texas based, multi-disciplined real estate investment group. The purchaser was  Blue Star Hospitality, an Asheville, North Carolina based lodging operator with holdings throughout the southeast. Short term plans call for continued operation under the Baymont brand with plans for three million dollar renovation and conversion to full service Holiday Inn.

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 (757) 873-0962.