Mumford Company Brokers Five Hotel Transactions During May
Including the Howard Johnson and Quality Inn hotels of Hampton, Virginia
Newport News, VA - June 7, 2011 - The Mumford Company was pleased to represent the court appointed Receiver in the recent sale of the Howard Johnson and Quality Inn hotels of Hampton, Virginia to Peninsula Hospitality, LLC. David Mumford, President of Mumford Company, represented the Receiver in this transaction.
These two hotels encompass almost 450 guest rooms, extensive public facilities and are situated on over 14 acres of land at the intersection of Interstate 64 and U.S. Route 258. This prime location on the Virginia Peninsula is proximate to numerous demand generators including the Hampton Coliseum, the Hampton Roads Convention Center, Hampton Town Center, Hampton University and Langley Air Force Base.
The new ownership group plans to make cosmetic renovations to both hotels and work towards building the respective businesses back to their prior levels. The new ownership group is also exploring the possibilities for future redevelopment of portions of the site, but they are currently in the very preliminary stages of this process.
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.
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 
