Mumford Company, a full-service hotel advisory firm since 1978, was pleased to represent affiliates of the James family in the sale of the Radisson Hotel Louisville North which closed on December 1, 2020. Located just across the Ohio River from downtown Louisville in Clarksville, Indiana, the 353-unit Radisson features extensive meeting space, a restaurant and lounge, indoor and outdoor pools, miniature golf course, tennis court, helicopter pad and the adjacent Atlantis Water Park.
David Mumford, Senior Principal in Mumford Company’s Newport News office, and Burton Brooks, Principal in the Atlanta office, represented Ann-Berkley, Inc. in the transaction. Mumford said, “This deal was placed under contract pre-COVID-19 and faced multiple challenges, particularly on the financing front. However, all parties to the transaction persevered, worked cooperatively and were able get the transaction over the finish line in a little over a year. This was our sixth transaction with the James family, a relationship that began in the late 1990’s, and it is always a pleasure to work with them.”
The purchasers are a Georgia based firm with interests across all segments of the hospitality and travel industries. They plan to make some cosmetic renovations to the hotel and will be rebranding the asset at a future date.
Recent Mumford Company sales include the Holiday Inn Express Fairmont, West Virginia, Super 8 by Wyndham Gulfport, Mississippi, and Baymont Inn & Suites, Jesup, Georgia.
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 and Washington DC. 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.