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Mumford Company brokers the sale of Super 8 Radford, VA

Wednesday, May 08, 2013
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The Mumford Company
The Mumford Company

Mumford Company is pleased to once again have represented affiliates of Eastern Lodging, Inc. in the sale of the Super 8 of Radford, Virginia to Desai, LLC. This is the 26th transaction that Mumford has completed on behalf of the sellers as part of a multi-year disposition program. The purchaser is a local owner/operator who plans to make cosmetic renovations to the property and retain the Super 8 franchise. Financing was provided via a conventional loan from a local area bank.

David Mumford and Ed James both of the Newport News, Virginia office negotiated the transaction on behalf of the seller.

Located on Tyler Avenue near Interstate 81, the property is close to Radford University, Carilion New River Valley Medical Center, Radford Army Ammunition Plant and Pulaski County Motor Mile Speedway and is only 10 miles from Virginia Tech and the town of Blacksburg.

Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 875 completed transactions in its 35-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.

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