NEWPORT NEWS, Virginia—Mumford Firm introduced it had a robust begin in 2024, with a number of transactions closing within the first quarter of 2024.
“The Federal Reserve’s choice to pause rate of interest will increase, coupled with sturdy financial indicators, has inspired consumers to amass hospitality properties,” stated Steve Kirby, managing principal, Mumford Firm. “Whereas we’re experiencing minor financial headwinds, purchaser curiosity stays sturdy. It’s a superb time to be a vendor.”
A few of their current transactions embrace:
- Vacation Inn Specific & Suites Forest, positioned in Forest, Mississippi
- Greatest Western Lake Cumberland Inn, positioned in Monticello, Kentucky
- Greatest Western Historic Space Inn, positioned in Williamsburg, Virginia
- Greatest Western Chincoteague Island, positioned in Chincoteague, Virginia
- Days Inn by Wyndham Huntington, positioned in Huntington, West Virginia
- La Quinta Inn by Wyndham Moss Level-Pascagoula, positioned in Moss Level, Mississippi
- Vacation Inn Specific & Suites Farmville, positioned in Farmville, Virginia
- Hampton Inn Farmville, positioned in Farmville, Virginia
“Mumford Firm is seeing sturdy purchaser curiosity from purchasers,” stated Ed James, managing principal, Mumford Firm. “Patrons need offers that make sense financially and the place they will enhance their margins with some beauty enhancements or attainable re-branding.”