Hampton Inn and Suites

Mumford Company, a full-service hotel advisory firm since 1978, was pleased to announce the successful closing of the 72-unit Hampton Inn & Suites of Port Arthur, Texas. The property was sold via Ten-X platform where over 20 prospects qualified to bid and 7 participated in the process.

Steve Kirby, Managing Principal in the firm’s Atlanta office, Ed James Managing Principal in the firm’s Newport News office, and Ryan Patterson, Vice President in the firm’s Dallas office, represented the selling entity, special servicer LNR Partners, Inc. BH Hospitality Management, a San Antonio based, multi-property owner and operator, purchased the property via newly formed entity, Krishna Port Arthur, LLC. The purchasers plan to complete significant renovations and continue to operate as a Hampton Inn & Suites.

Kirby said, “Working with sophisticated investors always help the transaction process and that was the case here. Mumford Company’s intense marketing efforts across multiple platforms, coupled with the Ten-X team, delivered another completed transaction. It was a pleasure working with both seller and buyer and we look forward to transacting with each of them 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