Sleep Inn & Suites


Price:
$2,500,000


Mumford Company is pleased to announce another sale, the Sleep Inn & Suites of Gulfport, Mississippi, successfully facilitated by our team. Mumford Company’s Steve Kirby and Ed James, Managing Principals, along with GR Patel, Sales Associate in the firm’s Dallas office represented the seller in the transaction.

The seller was Southeastern Realty Holdings, a multi-disciplined real estate investment group along the Mississippi Gulf Coast with a major emphasis on lodging assets. The sale included the leasehold interest in the land and all improvements. 

The purchaser, Prahar Ian Gulfport, LLC, was a new entity formed by a multi property lodging owner and operator based in Gulfport. The purchaser plans extensive renovations and will continue to operate the hotel as a Sleep Inn & Suites.

John Moore, seller’s representative, said “Steve, Ed and G.R., were persistent and great to work with in selling this difficult property. They know everyone in the industry, and their experience made for a smooth selling experience.” 

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