Newport News, VA – Mumford Company was pleased to represent Big Rapids Country Lodging, LLC in the recent sale of the Country Inn & Suites of Big Rapids, Michigan to Jackson Superior Hospitality, Inc. The seller is a South Dakota based investment group who was desirous of pruning their portfolio of non core branded assets. The purchasers are a Michigan based group with extensive lodging holdings throughout the state. Their plans include completing renovations and upgrades and maintaining the Carlson franchise.
David Mumford, Senior Principal of Mumford Company’s Newport News office and Lance Potter, Vice President in the firm’s Chicago office worked diligently to assist the Seller in this transaction and closed the sale in less than seven months from the listing date. According to Lance Potter, “the hotel represented an excellent value in a growing market, right off US 131 and minutes away from Ferris State University.”
The property, a three-story interior corridor hotel consisting of 63 rooms, was built in 2003 and boasts a great location in West Michigan. Amenities include a business center, fitness center, guest laundry and a heated, indoor pool with Whirlpool. Local demand generators include Ferris State University, Big Rapids Industrial Park and General Mills, the producers of Yoplait.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 890 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.