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Mumford Company completes sale of Courtyard by Marriott of Goshen, IN

Friday, September 13, 2013
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The Mumford Company
The Mumford Company

Mumford Company is pleased to announce that it facilitated the sale of the Courtyard by Marriott of Goshen, Indiana recently, representing the seller and it's representatives, Morris Lasky Receiver and Torchlight Investments. The purchaser was a North Carolina based multi unit owner and operator with holdings in the Midwest. Plans call for the property to be renovated and rebranded to a midmarket property.

Steve Kirby, Principal of the Mumford Company’s Atlanta office, Ed James, Principal of the firm’s Newport News office and Lance Potter, Vice President in the firm’s Chicago office all worked diligently to assist the Seller in this transaction and closed the sale in six months from the listing date and provided numerous offer options to its' clients. According to Kirby “numerous qualified buyers presented offers on the property yielding solid results for the seller. The volume of activity is just one more indication that the market is rapidly shifting back in the favor of sellers”.

Located on US Highway 33 at Goshen’s primary retail corridor, this property is Goshen’s largest hotel. The property, a two-story interior corridor hotel consisting of 91 rooms, was built in 1989. Amenities include indoor and outdoor pool with hot tub, exercise room and The Market, a convenience store adjacent to the Front Desk. The lobby has an attractive lodge like design with river rock accents. Local demand generators include Goshen College, Elkhart County 4-H Fairgrounds, Old Bag Factory and Amish Acres.

Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 880 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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