Mumford Company Completes Sale of Masters Inn, in Suburb of Atlanta, GA
On behalf Supertel Hospitality
Newport News, VA - Mumford Company represented Supertel Hospitality in the sale of the Masters Inn of Marietta, Georgia, a suburb of Atlanta. This is the second closing in a week on behalf of Supertel Hospitality and represents the 38th transaction completed on behalf of this seller by Mumford Company.
The purchaser was a regional investment group with existing holdings in the hospitality industry. Their plans are to renovate the property and carry a national flag on this hotel to capitalize on its' proximity to Dobbins Air Force Base and downtown Atlanta. Located just off I-75, this 86-room hotel additionally experiences demand from nearby corporate sources, educational facilities and tourist attractions.
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.
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 
