Former Days Inn Conference Center (Closed)


Price:
$995,000


Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent the Seller of the 106-unit former Days Inn & Conference Center that closed on December 22, 2020. David B. Mumford, Justin Pinkard, Ed James, and Steve Kirby represented the seller in the transaction. The Virginia based purchaser is a multi-property real estate owner and operator and this transaction was their third with Mumford Company.  Other recent transactions for Mumford Company include  the Radisson Hotel Louisville North in Clarksville, Indiana, the Super 8 in Gulfport, Mississippi, and the Holiday Inn Express in Fairmont, West Virginia.

 

The Days Inn is a 106-unit property overlooking the Allegheny River in Oil City, Pennsylvania.  It features 4,470 square feet of meeting space, a restaurant/bar, guest laundry, business center, fitness center and outdoor pool. There is also a three-bay manager’s apartment. The new owner plans to completely renovate the property and convert to a mid-market franchise.

 

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