Mumford Assists in Disposition of America's Best Inn of Montgomery, AL
Newport News, VA - May 24, 2011 - The Mumford Company has arranged the sale of the America's Best Inn in Montgomery, Alabama on behalf of the Illinois based Seller to an Ohio based ownership group. The hotel was sold for an undisclosed price.
According to Lance Potter, “the hotel represented an excellent value at a price well below replacement cost, in a very accessible location of suburban Montgomery.” The 75 room hotel is located on Interstate 85, only 5 miles east of downtown and the Alabama State Capitol. Other demand generators include Maxwell Gunter Air Force Base and the nearby Hyundai Plant. The purchaser is planning on completing extensive renovations and the hotel will join the Best Western chain.
Lance Potter, in Mumford's Chicago office along with Steve Kirby and David Holcombe, in Mumford's Atlanta office represented the Seller in this transaction.
Mumford Company is a hotel specific real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 800 completed transactions in its 33 year history. 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. For more information contact Mumford Company at (757) 873-0962.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
