Holiday Inn Express & Suites


Price:
$4,900,000


Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent Shri Hari Krupa, LLC. in the sale of the Holiday Inn Express Murphy, North Carolina. The purchaser, Mountain HIEX, LLC, is an affiliate of a North Carolina based owner/operator group.  The Purchaser plans to complete the Formula Blue Product Improvement Plan and continue to operate the hotel as a Holiday Inn Express.  Burton Brooks, Principal in Mumford Company's Georgia office, and Justin Pinkard, Principal in the firm’s Washington D.C. office, worked to bring this transaction to close.

Pinkard said, “Completing the Formula Blue PIP and retaining current management will assist in making sure the property continues to see future growth in operational performance metrics.  The purchasers are excited to complete the property’s transformation and we wish them much success with the project.”


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