Mumford Announces Sale of Virginia Beach Oceanfront Property
VIRGINIA BEACH, VA, December 21, 2005. The Mumford Company, the Nation's Leading Broker of Mid-Market and Economy Hotels, is pleased to announce the successful sale of the Econo Lodge Oceanfront of Virginia Beach, Virginia.
The Mumford Company was pleased to represent Richardson Associates, LLC in the sale of the Econo Lodge Oceanfront located at 22nd and Atlantic Avenue in Virginia Beach. Richardson Associates is a family organization with involvement in several hotel properties in the resort area of Virginia Beach. The purchasers, VAB-ATL, LLC, were represented by a local real estate firm. They are an owner/operator group that is affiliated with a very prominent regional management/ownership organization. Their plans are to make minor cosmetic renovations to the Econo Lodge and continue its successful operations.
Please visit our web site at www.mumfordcompany.com for detailed information on any of more than 70 current exclusive listings or if we can help with the sale of your hotel property!
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