Comfort Inn & Suites


Price:
$8,800,000


Mumford Company announces another completed transaction, the Comfort Inn & Suites of Fort Walton Beach, Florida. This 75-unit hotel features a ballroom, 10,000 sq. ft. of office space available for lease, and spectacular views of the Gulf of Mexico. This is the fifth sale in which Mumford Company represented affiliates of Banyan Investment Group and the Chauhan family for asset dispositions. Steve Kirby and Ed James, the firm’s managing principals, acted as advisors on this transaction. The purchaser was a South Carolina based developer, owner and operator with lodging holdings throughout the southeast. Kirby said, “The Comfort Inn & Suites is well located within the historic Fort Walton downtown area, has solid upside potential with cosmetic renovations, and was a strategic play for the buyer group with greater expansion goals in north Florida.” 

About Mumford Company
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 1040 completed transactions in its 40-year history. With its' experienced sales team in five regional offices across the country, including the company's newly opened Dallas TX office, Mumford Company is a leader in the sale of mid-market and economy hotels. For more information, contact Mumford Company at (757) 873-0962, or email sales@mumfordcompany.com.