Candlewood Suites


Mumford Company was pleased to represent Nav Yuga Hospitality, LLC, in the sale of the Candlewood Suites in Hopewell, Virginia to Hopewell Hospitality LLC. Ed James and Steve Kirby, Managing Principals, represented the Seller in the transaction. The purchaser, a Virginia based hotel owner, operator, and developer plans to renovate the property and continue its affiliation with the Candlewood Suites franchise.

Ed James noted “This transaction initially included the assumption of a CMBS loan but rising interest rates through the course of due-diligence ultimately made defeasance of the loan the best alternative. In addition to the hotel property, the purchaser acquired additional land adjacent to the hotel from the same seller for future development. It was truly a win-win for both parties”

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