Ramada Inn of Perryville, Maryland Transaction Completed by Mumford Company
Newport News, VA - The Mumford Company is pleased to announce the facilitation of the sale of the Ramada Inn Of Perryville, Maryland. Located off I-95, in northern Maryland, the property was owned and operated by a privately held, multi faceted real estate group.
The purchaser is a New York based lodging operator that plans to complete cosmetic upgrades and a repositioning of the property to Days Inn. According to Justin Pinkard, of the firm's Washington DC office, “the transaction was expedited by the solid cooperation amongst both the buyer and seller groups.”
Centrally located between Baltimore MD, Philadelphia, and Lancaster, PA this 104-room property with 10 boat hook-ups has easy access from Interstate I-95 & US 40 and is located at a complete travel plaza. The hotel is adjacent to the Perryville Outlet shopping center, and is frequented by Motor Coach Tours, Hollywood Casino guests and Ripken Stadium visitors. Several nearby recreational attractions also generate demand for the property.
Justin Pinkard, Steve Kirby, and Ed James from Mumford Company offices in Washington DC, Atlanta GA, and Newport News VA respectively negotiated the transaction on behalf of the seller.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 830 completed transactions in its nearly 34-year history. With its' experienced sales team in five regional offices across the country, including the company's newly opened Washington DC office, Mumford Company is a leader in the sale of mid-market and economy hotels.
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