NEWPORT NEWS, Virginia—Mumford Firm introduced it ended 2024 with a collection of key lodge transactions throughout a number of states. The agency continues to expertise momentum and anticipates deal stream shifting into 2025.
“We closed out 2024 with quite a lot of thrilling offers, and our pipeline stays robust as we head into 2025,” stated Steve Kirby, managing principal, Mumford Firm. “Our staff is seeing elevated lender exercise and purchaser curiosity throughout varied asset varieties, which positions us nicely for the 12 months forward. Regardless of ongoing challenges reminiscent of labor shortages and inflationary pressures, market sentiment is optimistic, and we’re assured in continued progress.”
Some latest lodge transactions embrace:
- 125-room Hampton Inn Manassas situated in Manassas, Virginia
- 103-room Hyatt Place Rogers/Bentonville situated in Rogers, Arkansas
- 71-room Vacation Inn Specific & Suites Fairmont situated in Fairmont, West Virginia
- 81-room Consolation Suites at Isle of Palms Connector situated in Mount Nice, South Carolina
- 24-room Motel 6 Colorado Metropolis situated in Colorado Metropolis, Texas
“As we look ahead to 2025, we’re assured that our skill to navigate the complexities of the present financial surroundings, mixed with our deep relationships with each consumers and sellers, will allow us to proceed delivering robust outcomes for our shoppers,” stated Justin Pinkard, managing principal, Mumford Firm. “Purchaser demand stays excessive, and the lodge market’s continued restoration makes it an thrilling time to be on this trade.”
