Super 8 in Reedsburg, Wisconsin Sold
Seventh hotel transaction for Mumford Company in 2011
Newport News, VA - March 16, 2011 - The Mumford Company has arranged the sale of the Super 8 in Reedsburg, Wisconsin on behalf of a New York based Seller to Belmont, LLC; a local owner/operator of hotels in Wisconsin.
The hotel was sold for an undisclosed price and will remain a Super 8. The Buyer is planning modest upgrades to the hotel and is looking forward to the busy summer season.
Lance Potter, Vice President in Mumford's Chicago office represented the Seller in this transaction. According to Lance Potter, “the hotel represented an excellent value at a price well below replacement cost, in a desirable area near the Wisconsin Dell tourist attractions.”
The 49 room, interior corridor property features unique amenities for guests including themed suites and tanning beds. The Wisconsin Dells, visiting sports teams and local businesses are sources of demand for the hotel.
Mumford Company's commitment to results-oriented customer service has yielded outstanding client results for over 33 years. With its' experienced sales team in four regional offices across the country, Mumford Company is a leader in the sale of mid-market and economy hotels.
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