Super 8


Price:
$1,550,000


Mumford Company, a full-service hotel advisory firm since 1978, was pleased to announce the sale of the Super 8 by Wyndham in Lebanon, Virginia. The seller was S&P Lebanon, LLC and the purchaser is a regional hotel investor purchasing his first nationally franchised property. The purchaser plans to make cosmetic updates to the property and retain the Super 8 by Wyndham franchise affiliation.

Ed James and Steve Kirby, Managing Principals of Mumford Company, along with Andrew Smith, Vice President in the firm’s Washington DC office and Carter Willcox, Sales Associate in the firm’s Newport News headquarters assisted in the sale of this transaction.

“This deal highlights our ability to overcome the challenges currently facing our industry. Seller, buyer, and lender all worked together to reach a mutually beneficial result.”, stated Andrew Smith. 

 

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