Hotel News
BITAC® Events!
Purchasing & Design East Jul. 15, 2018 More Info 4 Supplier Spots Left
Building Your Hospitality Business
  Are you a member? Log In  or  Sign Up
The Lodging Conference
Send a summary and link to this article
To Email
Your Name
Your Email
Bot Test
To pass the Bot Test, please type the white text that you see in the gray box. This helps us prevent spammers from abusing the system.
Print Printable Version

Super 8 and 10th Street Apartments sale brokered by Mumford Company

Thursday, June 13, 2013
bookmark this
Bookmark to: Digg Bookmark to: Del.icio.us Bookmark to: Facebook
Bookmark to: Yahoo Bookmark to: Google Bookmark to: Twitter
We are on Twitter

Mumford Company has arranged the sale of the Super 8 and 10th Street Apartments in Sioux Falls, South Dakota, on behalf of 10th Street Lodging Limited. The purchaser, Yogi Holdings, Inc. located in South Dakota, plans extensive renovations to upgrade both hotels and will retain the Super 8 franchise. Acquisition financing was provided by a local bank. The 56-room Super 8 and 28-unit apartment hotel were sold for an undisclosed amount.

Lance Potter, Vice President in the firm’s Chicago, Illinois office, negotiated the transaction on behalf of the seller. According to Lance Potter, “the hotel and extended stay oriented apartments represented an excellent value in a growing market, right off I-229 and minutes away from downtown Sioux Falls.” This was the first sale in South Dakota for Mumford Company.

One of America’s crossroad cities, Sioux Falls lies at the junction of Interstates 29 and 90. The property is situated at the intersection of Interstate 229 and 10th Street. Sioux Falls is the largest metropolitan area between Minneapolis, Minnesota and Denver, Colorado. Home to 228,261 people, it draws from a market that extends across four states.

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.

Feedback Messaging & Feedback
We welcome your opinion! Log In to send feedback.
Already a member?
Log In
Not yet registered?
Sign Up
Need More Information?
  RSS Feed
RSS Feed
Contact Us
Mobile Version