Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced today it has continued its strong sales performance in the first half of 2024, with multiple transactions closing in the second quarter.
“Even with the current state of interest rates, the hospitality industry fundamentals are strong which continues to drive transactions,” said Justin Pinkard, Principal, Mumford Company. “The bid-ask is still sometimes challenging, but there continues to be strong interest in lodging assets.”
Some of their recent transactions include:
- Holiday Inn Blacksburg-Christiansburg, located in Christiansburg, Virginia
- TownePlace Suites by Marriott Memphis-Southaven, located in Southaven, Mississippi
- Best Western, located in Murphy, North Carolina
- Clarion Pointe Greensboro Airport, located in Greensboro, North Carolina
- Sleep Inn/MainStay Suites, located in Meridian, Mississippi
- Motel 6 Medical Center, located in San Antonio, Texas
- Sleep Inn & Suites, located in Smithfield, North Carolina
“At Mumford Company, we pride ourselves on taking a strategic approach to every asset we market,” said Ed James, Managing Principal, Mumford Company. “Our overall pipeline for the rest of this year is extremely strong, and we attribute this to our extensive relationships and market intelligence, which allows us to help our sellers navigate today’s market.”
Our professional team of experienced hotel brokerage advisors is ready to discuss your hotel with you. We can provide a confidential broker’s opinion of valuation and discuss whether now is the time for you to sell or if it makes more sense to hold your current hotel.
Mumford Company’s hotel brokerage professionals, with broad experience in all aspects of lodging acquisitions, development, consulting, and operations, represent sellers of all major brands in markets throughout the United States. This diverse background allows them to focus on key opportunities within the marketplace, accurately positioning their client’s assets to maximize investment results. The firm’s regional offices include Georgia, Illinois, Texas, Virginia, and Washington, DC. Their record of success for buyers and sellers has made Mumford Company a leader for over 46 years.
