Mumford facilitates hotel sale - Hotel & Motel Management
Sunday, Jul 20, 2008
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Mumford facilitates hotel sale

H&MM Week In Review

Hampton, VA - Mumford Company was pleased to represent Hampton Economic Development Corporation in the recent sale of the Hampton Marina Hotel located in downtown Hampton, Virginia to Hampton Hotel Associates, an affiliate of MHI Hospitality, Inc., a publicly traded REIT. The purchaser plans to invest over $5,000,000 to convert the property to the Crowne Plaza brand and reposition the hotel as a market leader within the area's full-service lodging segment.

Celebrating their 30th anniversary in 2008, the Mumford Company is a proven leader in the field of hotel real estate brokerage. The firm's commitment to results-oriented customer service has yielded outstanding client results year after year. As a specialist in mid-market assets, Mumford Company has structured the sale of hundreds of hotels in the past five years alone, representing a wide array of owners and investors. For more information or to view current listings, please visit www.mumfordcompany.com or contact (757) 873-0962.

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