Candlewood Suites


Price:
$7,800,000


Mumford Company is pleased to announce the sale of the Candlewood Suites of Bel Air, Maryland. The seller, Narayan, LLC was represented by Ed James of Mumford Company’s Newport News office and Steve Kirby of the firm’s Atlanta office. The purchaser, US Hospitality, LLC, is regionally based multi-unit owner and operator. The 95 room all suite property will be renovated and continue to operate in the IHG family of brands. Ed James said, “we were pleased to assist the seller on the disposition of a non-core asset in the vibrant Aberdeen market area.”

About Mumford Company:

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 or email sales@mumfordcompany.com.