The Mumford Company Sets First Half 2007 Records
The Mumford Company announced record transaction results for the first half of 2007. The firm set records in both the number of hotels sold and the dollar volume of sales completed. The Mumford Company is widely recognized in the industry as the nation's leading broker of high quality, mid-market hotels.
Newport News, VA (PRWEB) July 5, 2007 -- The Mumford Company (www.mumfordcompany.com) announced record transaction results for the first half of 2007. The firm set records in both the number of hotels sold and the dollar volume of sales completed. The Mumford Company is widely recognized in the industry as the nation's leading broker of high quality, mid-market hotels.
Transactions were completed in 14 different states and ranged from a multi-unit portfolio sale of AmeriSuites Hotels in Texas to single asset sales of both branded and independent properties. Brands represented included Comfort Inn, Fairfield Inn, Hampton Inn and Holiday Inn. The Mumford Company represented a broad array of institutional and corporate sellers in these deals, as well as individual investors. These clients and customers have come to rely on The Mumford Company as a trusted provider of results oriented hotel brokerage and this confidence has allowed the firm to post record results year after year.
"Strong lodging sector performance results and underlying real estate investment value growth are the engines driving the sales of existing properties at a record breaking pace," says Steve Kirby, Principal in the firms Atlanta office. He continues "Second half 2007 and into mid-2008 should yield strong selling prices while leaving ample upside opportunity for buyers. If you're on the fence about selling, right now is about as good as it gets."
The Mumford Company is in its' 29th year of providing its' clients and customers with superior brokerage services. With offices in Atlanta, Chicago, Dallas and Newport News, The Mumford Company is well-positioned to assist clients in meeting their lodging real estate objectives throughout the United States. For more information on the company and its' services, please contact our headquarters office at 757-873-0962.
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