Best Western Historic District


Price:
  $5,350,000   
$4,500,000


Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent 351 York St., LLC in the sale of the Best Western Historic District in Williamsburg Virginia. The purchaser, Swaminarayan, LLC, is a regional hotel owner and operator with several properties in central Virginia and upstate New York. After mainly cosmetic renovations, the 140 unit property will remain a Best Western. Ed James and Steve Kirby, both Mumford Company Managing Principals, along with Carter Willcox, Associate in Mumford Company's Newport News, Virginia headquarters represented the Seller in the transaction.

Ed James states, “using an expedited marketing strategy and the automatic transfer eligibility from Best Western, Mumford Company was able to broadly market the property, negotiate the contract for the winning bidder, and close this transaction in less than 100 days from listing execution. It was truly a team effort creating a “win-win” for Buyer and Seller.”

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