Newport News, VA - Mumford Company was once again pleased to represent Eastern Lodging, Inc. in the sale of the Super 8 Motel of Roanoke, Virginia to Shree Ramji, LLC. This is the 24th sale in which Mumford Company has represented affiliates of Eastern Lodging in recent years and is part of an ongoing disposition program. The buyer is a regional owner/operator with hospitality holdings throughout Virginia along the Interstate 81 corridor. The buyers plan to make cosmetic renovations to the property and retain the Super 8 franchise.
David Mumford and Ed James both of Mumford Company’s Newport News office negotiated the transaction on behalf of the seller.
The property is adjacent to the Roanoke Regional Airport and the Interstate 81/581 interchange. The City of Roanoke serves as the economic and cultural center for the Greater Roanoke Valley. Nearby attractions include the Valley View Mall, Hollins College, Roanoke Civic Center, Downtown Roanoke and Explore Park.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 850 completed transactions in its 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. For more information contact Mumford Company at (757) 873-0962.