Search results
I have worked with David and Mumford & Co - Hotel Brokers since 1991. I have used them numerous times as both a seller and a purchaser. David’s deep knowledge of the market and timeliness in working the "deal" is without question the best I have experienced in the hotel real estate brokerage.
- Mumford Company Continues Strong Sales Through 2nd Quarter 2024
Newport News, VA, June, 2024 – Mumford Company, a...
- Our Team - mumfordcompany
Mumford Company | Trusted Hotel Advisors Since 1978....
- Mumford Company Continues Strong Sales Through 2nd Quarter 2024
Newport News, VA, June, 2024 – Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced today it has continued its strong sales performance in the first half of 2024, with multiple transactions closing in the second quarter.
Mumford Company is a full service hospitality brokerage advisory firm with a commitment to results-oriented customer service that has accomplished over 1,200 transactions in its 46-year...
Mumford Company | Trusted Hotel Advisors Since 1978. Listings. Search Listing; ... Mumford Company Is A Duly Licensed Real Estate Broker In Multiple States, ...
- How Do You Feel The Us Hotel Transaction Market Has Performed Throughout 2022?
- What Recent Transactions Have You undertaken?
- What Market Segments Have Performed Best and Worst?
- What Us Regions Have Proved particularly Popular For Hotel Sales recently?
- Which Hotel Chains Do You Feel Have Been Especially Acquisitory of Late?
- Have The Recent Volatile Economic Conditions Impacted The Hotel Market?
- How Do You See The Us Hotel Market Progressing Over The Coming years?
2022 started with a very deep and active pipeline of transactions. Interest levels from both buyers and sellers were extremely high, and financing for acquisitions was readily available at historically low-interest rates. As we entered the late spring and summer, interest rates began to rise dramatically, along with a steep increase in inflation. A...
In Staunton, VA, in 2022, Mumford Company marketed two limited-service hotels at the end of their first franchise licence terms for sale. Both hotels were 20 years old and would require significant reinvestment to remain competitive in an otherwise solid Interstate/college town location. The owners of the properties, a well-known regional hotel dev...
Prior to the covid crisis, perhaps the worst single shock to the hotel market ever, the best-performing and fastest-growing market segments were the focused/limited service and extended stay hotel segments. That trend continues today. Transient travel for business and leisure has fully recovered to pre-covid levels, thus benefiting the limited-serv...
The trend of relocating businesses and residences out of the major metro areas of the Northeast and Midwest into smaller, more affordable communities, particularly in the sunbelt, was already in place before the covid crisis hit. However, the pandemic exacerbated it dramatically. Remote working became the norm, and cities like Austin, Charleston, N...
Major chains dominate the merger and acquisition landscape in the US. Hilton, Marriott, IHG, Hyatt, Wyndham, Choice, and Best Western are the most active players trading flags between brand families and bringing new brands into the market to focus on more specific micro-segments of the industry. Lifestyle brands have been especially popular for lei...
Hotel performance remained strong as we ended 2022 in the US despite rising inflation and economic uncertainty. As we move into 2023, pundits are predicting a recession to materialise over the next 24-36 months before we begin another growth cycle. The underlying US economy is strong. However, employment remains high, providing hope that any recess...
Mumford Company remains bullish on the medium and long-term outlook for hotel valuations and the hotel transaction market. Given a recovery from the current downturn, the underlying fundamentals and pent-up demand for travel for both leisure and business will push the market forward. Interest rates will likely become normalised in the range of 7-9%...
Mar 20, 2023 · Mumford Company, a full-service hospitality brokerage advisory firm since 1978, is celebrating its 45th anniversary this year, and Senior Principal David Mumford, along with Managing...
Oct 20, 2022 · Mumford Company, a full-service hospitality brokerage advisory firm since 1978, has revealed that it has completed three strong quarters of sales transactions this year.
