Fairfield Inn & Suites


Price:
$7,200,000


Mumford Company, a full service hotel advisory firm since 1978, announced today it was pleased to represent Front Royal Pike, LLC in the sale of the Fairfield Inn and Suites of Winchester Virginia to Aspire Hospitality, LLC. The principals of the Seller are regional builders and real estate developers with multiple hotels and other commercial real-estate holdings in the northern Shenandoah Valley. This was the seventh hotel and first Marriott acquisition for the principals of the purchaser, Maryland based hotel owners and operators.

 

Ed James and Steve Kirby, Managing Principals of Mumford Company represented the Seller in the transaction. The purchaser will retain the Fairfield Inn and Suites affiliation after extensive renovations to the guest rooms, public areas, and the building’s exterior. The 85 room property is located just off Interstate 81 near Shenandoah University, corporate headquarters of American Woodmark, HP Hood, Kraft Foods, Kohl’s Distribution Center and the Winchester Regional Airport Industrial Park.

 

“This transaction represented a continuation of a strategic disposition plan for the sellers”, stated Ed James. “As well, the purchasers were able to acquire a market-leading franchise in a growing university market”.


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.