Holiday Inn Express


Price:
$5,750,000


Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent the Seller of the 71-unit Holiday Inn Express Fairmont, West Virginia that closed on September 25, 2020. David  Mumford, Senior Principal in Mumford Company’s Newport News office, along with Justin Pinkard, Managing Principal in the firm’s Washington DC office, and Andrew Smith, Vice President also in the firm’s Washington DC  office represented Double J Development, LLCin the transaction. Pinkard said, “This deal was placed Under Contract pre-COVID-19 and faced multiple challenges. Perseverance by buyer, seller, and lender assisted in getting this transaction closed.” This was the second closing by Mumford in the last week. Recent sales include Super 8 by Wyndham Gulfport, Mississippi, Baymont Inn & Suites, Jesup, Georgia and the Super 8 in South Boston, Virginia.

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 and Washington DC. 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