Wytheville, Virginia - Mumford Company was once again pleased to represent affiliates of Allen Management in the sale of the Econo Lodge located in Wytheville, Virginia to Tri-Strength, LLC of Roanoke, Virginia.
This is the second sale that Mumford Company has completed on behalf of affiliates of Allen Management in 2009.
The purchasers plan to renovate the facilities, post closing, and affiliate the hotel with the Knights Inn franchise. Ed James, David Mumford and Justin Pinkard represented Mumford Company in this transaction.
Conveniently located near many area demand generators including Wytheville College, the 72 room hotel also includes a free-standing restaurant that is presently leased.
A proven leader in the field of hotel real estate brokerage with over 30 years of experience in the industry, Mumford Company’s commitment to results-oriented customer service has yielded outstanding client results year after year. As a specialist in mid-market assets, Mumford Company has structured the sale of hundreds of hotels in the past five years alone, representing a wide array of owners and investors. For more information or to view current listings, please visit www.mumfordcompany.com or contact (757) 873-0962.