Newport News, VA - The Mumford Company was pleased to once again represent Supertel Hospitality in the sale of the Baymont Inn-Louisville South to Kishu, Inc., a local investor group. This is the 49th disposition that Mumford Company has transacted on behalf of Supertel and part of their continuing portfolio repositioning program. The purchasers are active in the hospitality industry in greater Louisville. They plan to make cosmetic renovations to the hotel and continue the Baymont Inn affiliation.
David Mumford, Senior Principal in Mumford Company’s Newport News office along with Burton Brooks, Vice President in the firm’s Atlanta office represented the seller and worked diligently to bring this transaction from listing to close in less than 5 months.
Located at the intersection of the Interstate 65 and John Harper Highway, the property is 20 miles south of Downtown Louisville. The 65 unit property was built in 1993 and features a 2 story interior corridor design, continental breakfast area, business center, guest laundry, exercise room and indoor pool. Regional demand generators include Amazon Fulfillment Center, UPS Worldport, Louisville International Airport and the Jim Beam American Stillhouse and Distillery.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 900 completed transactions in its 36-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.