Mumford Closes Sale of Days Inn in Indianapolis
MARCH 25, 2008. The Mumford Company has arranged the sale of the Days Inn of Indianapolis, Indiana on behalf of a Bowling Green, Kentucky based seller to Westloop Hotels, LLC. The hotel was sold for an undisclosed price and will remain a Days Inn. The sale was facilitated by Steve Kirby of the Mumford Company's Atlanta, GA office and Lance Potter of the firm's Chicago, IL office. According to Lance Potter, "the hotel represented an excellent value at a price well below replacement cost, in a desirable and well located suburban area of Northwest Indianapolis." The California based buyer is relocating to Indianapolis to manage and operate the hotel.
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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