Residence Inn


Price:
$6,950,000


Mumford Company announces another completed transaction, the Residence Inn by Marriott of Paducah, Kentucky. Mumford Company has now completed six transactions on behalf of the selling group, Musselman Hotels. OM Hospitality, LLC, a lodging owner and operator in the Southeast and Midwest, purchased the 74-unit hotel. The purchasers plan significant renovation and will retain the hotel’s affiliation as a Residence Inn.

Facilitating this transaction were Steve Kirby, Managing Principal in the firm’s Atlanta office, Ed James, Managing Principal in the firm’s Newport News Headquarters and George Arvanitis, Managing Director-Midwest for Mumford’s Chicago office. Kirby said, “This is the fifth decade, over three companies, where I have had the opportunity to transact with the Musselman family, and it has always been a pleasure. It is also exciting to develop a relationship with new buyer groups; we wish them much success with this opportunity and to working together in the future.”

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, Washington DC, and Tampa, Florida. 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