Mumford Company Completes 37th Hotel Sale for Supertel Hospitality
Masters Inn - Mount Pleasant, South Carolina sold
August 1, 2011 - Mumford Company was pleased to represent Supertel Hospitality in the recent sale of the Masters Inn of Mount Pleasant, South Carolina, a suburb of Charleston. This was the 37th transaction completed on behalf Supertel Hospitality by Mumford Company.
The purchaser, OTV Masters, LLC is a local investment group with existing holdings in the area's hospitality industry. This 119-room hotel is located off Highway 17 near Interstate 526 in close proximity to downtown Charleston, Patriots Point, Isle of Palms, the College of Charleston and the Citadel. The purchasers plan to continue to operate under the Masters Inn affiliation while they finalize their future plans for the property.
David Mumford of Newport News, Steve Kirby, Burton Brooks and David Holcombe in the Atlanta office advised the seller.
Mumford Company is a hotel 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.
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