Fenwick Inn


Price:
$15,200,000


Mumford Company is pleased to announce the sale of the Fenwick Inn of Ocean City , MD. The subject is an eight story, interior corridor structure containing 200 guest rooms, two restaurants, rooftop bar and extensive banquet facilities. The seller was an estate with significant real estate holdings in Maryland, Virginia and Washington DC. The purchaser was an Ocean City based operator with multiple lodging facilities in the local market. Mumford Company’s Steve Kirby, Ed James and Andrew Smith represented the Seller’s in this transaction.

Steve Kirby said, “it was an honor to participate in the transaction and to represent the estate in the disposition of a treasured family asset”.

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.