Best Western Plus Regency Park Hotel


Price:
$3,100,000


Mumford Company, full-service hotel advisory firm since 1978, was pleased to represent First Troy SPE LLC in the sale of the former Best Western Plus of Walker, LA to Jay Ambe 2021, LLC. The purchaser is a regional hotel owner and operator and plans to reopen the hotel as a Best Western Plus after mainly cosmetic renovations. Mumford Company managing principals Ed James and Steve Kirby represented the seller in the transaction.

Ed James states, “this lender owned hotel was brought to market in late January 2021 and immediately generated significant interest. The transaction closed less than 90 days later demonstrating the very high demand that exists today for limited-service hotel assets as we exit the Covid 19 Crisis.”

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 43 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.