Mumford Announces Outstanding Sales Results in 2005
NEWPORT NEWS, VA, Janaury 11, 2006, The Mumford Company, the nation's leading broker of mid-market and economy hotels, completed 39 sales in 14 states with aggregate value in excess of $100 million in 2005. These sales included brands such as Comfort Suites, Fairfield Inn, Hampton Inn, Holiday Inn and Super 8. The Mumford Company was pleased to represent a diverse group of clients in 2005 including Accor North America, CNL Hotels, Dominion Lodging, Equity Inns and Winston Hotels.
"2005 was another outstanding sales year for our company in the mid-market and economy segments, with corporate, multi-unit owners representing the bulk of our sellers and more entrepreneurial ownership groups as our buyers," according to David B. Mumford, Senior Principal. "We were pleased with the geographic distribution of our sales activities and the continued growth of our regional presence in Atlanta, Chicago and Dallas. We are looking forward to an outstanding 2006, as we are coming into the year with over $70 million of hotel properties under contract for closing early in the year, an extensive inventory of exclusive listings for sale and very strong buyer interest. We expect 2006 to be the best year in our company's history."
The Mumford Company, founded in 1978, is the nation's leading broker of mid-market and economy hotels. With Sales Associates in offices in Atlanta, Chicago, Dallas and Newport News, The Mumford Company is positioned to provide results-oriented hotel brokerage services throughout the United States. For more information on the company and its services, please contact our headquarters office at 757-873-0962.
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