Holiday Inn Express


Price:
$8,600,000


Mumford Company is pleased to announce another completed transaction, the Holiday Inn Express of Jackson/Flowood Mississippi. Steve Kirby and Ed James, Mumford Company’s Managing Principals represented the seller, Stone Creek Hospitality, LLC, in the disposition of their final lodging asset. 

The purchaser, Aurora Management, Inc., a newly formed entity whose principals are well vested in the lodging industry and other real estate segment. The purchasers plan a multimillion dollar renovation to the facility and will continue to operate as a Holiday Inn Express. Said Kirby, “extensive cooperation by buyer and seller were required for the assumption of the existing CMBS debt and associated escrow funds. The property has been a market leader since opening, new ownership and renovation should continue that successful path”. 

 

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