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Mumford Company closes 19th transaction of 2012 with the Masters Inn of Tampa, FL
Monday, June 25, 2012
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Newport News, VA – Mumford Company represented Supertel Hospitality in the disposition of the MastersInn Fairgrounds of Tampa, Florida. This was the 10th Masters Inn that Mumford Company has sold in thepast three years for the seller.
The property was sold to a local operator with other hotels in the Tampa market. The buyer plansto take advantage of the growth opportunities in this Interstate 4 sub-market as well as the improvingconditions in the greater Tampa market area.
Centrally located within the metropolitan Tampa market, this Masters Inn property is adjacent toInterstate 4, near its' intersection with Interstate 75. The 127-room, 2-story hotel is conveniently locatedminutes from Tampa Fairgrounds and Expo Park, Seminole Casino, Busch Gardens, Raymond JamesStadium and the Tampa International Airport.
David Mumford in Mumford Company's Newport News office along with Steve Kirby and BurtonBrooks in the firm's Atlanta, Georgia office negotiated the transaction on behalf of the seller.Mumford Company is a hotel real estate brokerage firm with a commitment to results-orientedcustomer service that has accomplished over 830 completed transactions in its nearly 34-year history.With its' experienced sales team in five regional offices across the country, including the company's newlyopened Washington DC office, Mumford Company is a leader in the sale of mid-market and economyhotels. For more information contact Mumford Company at (757) 873-0962.
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