Mumford Company Brokers Capital Hotel Inn of Ashland, VA and Other Recent Transactions
Lender Owned Hotel Transactions on Upswing as Demonstrated by Mumford Company's Brokerage
Newport News, VA - June 21, 2010 - The Mumford Company was pleased to represent The Bank of the Commonwealth in the recent sale of the Capital Hotel Inn of Ashland, Virginia to F&T Hospitality, LLC.
F&T Hospitality is an experienced operator in Virginia. They plan to make significant renovations to the hotel and affiliate with the Motel 6 franchise system in the near future.
Mumford Company has represented numerous lender/owners over the past year and over 30% of transactions completed by the firm in 2011 were on behalf of these institutional sellers. Mumford Company currently represents several lender/owners in the marketing of their hotel assets and expects this trend to continue through the balance of 2011.
David Mumford, Ed James and Justin Pinkard with the Newport News office of Mumford Company advised the seller.
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 
