Courtyard by Marriott


Price:
$11,950,000


Mumford Company, a full-service hotel advisory firm since 1978, was pleased announce the successful closing of the Courtyard by Marriott of Jonesboro Arkansas. Mumford’s Steve Kirby and Ed James, the firm’s Managing Principals, and George Arvanitis, Managing Director- Midwest, represented Hunt Properties of Jonesboro, LLC in the sale. The purchaser was McCain Lodging Jonesboro, LLC. Both seller and buyer are multi-disciplined real estate investors with holdings in the Southeast and Mid-West.

Kirby said, “It was a pleasure to work with buyer, seller, lender and franchisor on this transaction. The professionalism exhibited by all parties expedited the process for a speedy closing.”

 

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