Mumford Company, Trusted Hotel Advisors

Mumford Company Newsletter for Week of November 18, 2024: The Comfort Inn Virginia Horse Center of Lexington, VA has generated strong performances over the past three years, and there is continued upside available in ADR and RevPAR as compared to its competition. Close to two universities, as well as Virginia's premier Virginia Horse Center (which hosts a wide range of equine events and multiple other activities throughout the year). Attractively priced well below replacement cost. https://lnkd.in/e4btyUrM Next week is the start of Thanksgiving holiday travel. AAA predicts that travelers will exceed pre-pandemic records. According to Stacey Barber, Vice President of AAA Travel "Thanksgiving is the busiest holiday for travel, and this year we're expecting to set new records across the board, from driving to flying and cruising." https://lnkd.in/ejrxJCcz #hotelsforsale #MumfordCompany

New competition is on the horizon. If you aren't where you want to be now, contact Mumford Company for an assessment of your hotel(s)...or to help you find your next opportunity. Limited-service development continues to dominate the U.S. hotel pipeline, reaching 3,915 projects with 372,809 rooms at the close of Q3 2024—representing 63% of total projects and 52% of rooms in the pipeline. The segment’s momentum was particularly evident in Q3, which saw the announcement of 304 new projects comprising 28,445 rooms. https://lnkd.in/eteuMD59

Mumford Company Newsletter for Week of November 18, 2024: The Comfort Inn Virginia Horse Center of Lexington, VA has generated strong performances over the past three years, and there is continued upside available in ADR and RevPAR as compared to its competition. Close to two universities, as well as Virginia's premier Virginia Horse Center (which hosts a wide range of equine events and multiple other activities throughout the year). Attractively priced well below replacement cost. https://lnkd.in/e4btyUrM Next week is the start of Thanksgiving holiday travel. AAA predicts that travelers will exceed pre-pandemic records. According to Stacey Barber, Vice President of AAA Travel "Thanksgiving is the busiest holiday for travel, and this year we're expecting to set new records across the board, from driving to flying and cruising." https://lnkd.in/ejrxJCcz #hotelsforsale #MumfordCompany

Thursday evening, Justin Pinkard and Tripp Lowe attended the Ocean City Hotel-Motel-Restaurant Association's Dinner Meeting. Pictured here with Susan Jones, Executive Director of the Ocean City Hotel-Motel-Restaurant Association. Justin and Tripp hope that they had a chance to speak with you. If they didn't and you are looking to sell your current hotel/motel or are looking to purchase another, contact them directly or visit our website: www.mumfordcompany.com

Mumford Company?was pleased to represent Littlefield Enterprises Mt. Pleasant, LLC in the sale of the Comfort Suites of Mount Pleasant SC to Dhara Hospitality Group. Ed James and Steve Kirby, Mumford Company Managing Principals, along with John James, Senior Associate, represented the Seller in the transaction. https://lnkd.in/eiS5s7p4 Want Results? Contact Mumford Company. Have you considered selling your hotel and reinvesting the equity into a higher quality asset??Are you interested in selling your hotel now or within the next twelve months??Are you currently in the market to buy a hotel? If you answered yes to any of these questions, our trusted hotel advisors would be happy to speak with you about your hotel and current market dynamics.?We can also complete a complimentary broker opinion of value (BOV) to help you understand your hotel’s current market value and provide you with relevant sales information. https://lnkd.in/ekhrFURw #hotelsSOLD #MumfordCompany

Mumford Company's Newsletter for the Week of November 11, 2024: One day is not enough to express Mumford Company's appreciation for our military service members, current and past. Thank you for your service on Veteran's Day and throughout the year. Mumford Company successfully represented Littlefield Enterprises Mt. Pleasant LLC in the recent sale of the Comfort Suites at Isle of Palms Connector in Mount Pleasant, SC. Want Results? Contact Mumford Company. Meet with Ryan Patterson and G.R. P. today, November 12, at the 2024 Dallas Hotel Conference at The Thompson Dallas, 205 N. Akard Street, Dallas, TX. https://lnkd.in/e93-Zxwr #MumfordCompany #hotelsSOLD #2024DallasHotelConference

Mumford Company salutes those who serve or have served on Veterans Day 2024. Thank you.

Another amazing Atlanta Hospitality Prayer Breakfast this morning! Jeff Foxworthy was the keynote speaker and did a fantastic job on so many levels! Andrew Pace Carmen A. Amanda Shojaee Susan King Bob Shackleford Colin J. Campbell Marnie Harris

Want Results? Call Mumford Company. Mumford Company is pleased to announce the recently completed sale of the Holiday Inn Express located in Fairmont, West Virginia.?Justin Pinkard, Managing Principal in the firm's Washington D.C. office along with Steve Kirby and Ed James, Managing Principals in the firm represented the seller, Parshva Corporate LLC., in this transaction.?The purchaser, Critical Hospitality LLC, is a rapidly growing regional owner and operator of mid-market, limited-service hotels in West Virginia and surrounding states. After completion of mainly cosmetic renovations, the property will remain a Holiday Inn Express. ?Justin Pinkard stated, “Mumford Company sold this property to Parshva Corporate in 2020 and was pleased to represent them again in this disposition. Likewise, this is the 5th hotel transaction Mumford Company has structured with purchaser Critical Hospitality”. Our repeat clients and customers are our highest priority, and we are proud and thankful that they continue come back to us year after year.” #hotelsSOLD #MumfordCompany

Mumford Company Newsletter for Week of November 4, 2024: Opportunity to acquire a new, franchised hotel just off interstatate and under an hour from Chattanooga or Nashville. Well-located within its regional market to major demand generators. https://lnkd.in/eMaEGbZN Want Results? Contact Mumford Company! Another transaction successfully completed. https://lnkd.in/eTqd8VXR https://lnkd.in/eGji5cnk #hotelsforsale #hotelsSOLD #MumfordCompany