Financing

Winston-Salem Sleep Inn brokered by Mumford Co.

9 Apr, 2010 Hotel and Motel Management
 


Sleep Inn Winston-Salem photoNewport News, Va.—Mumford Co. represented Quality Oil Co. in the sale of the Sleep Inn of Winston-Salem, N.C., to Shree HariKrishna, Inc. This is the fourth hotel sale that Mumford Company has structured on behalf of Quality Oil.

The purchasers are a North Carolina-based group with solid hospitality experience who plan to make cosmetic renovations to the hotel and retain the Sleep Inn brand.

David Mumford with the firm’s Newport News office and Steve Kirby with Mumford’s Atlanta office brokered the deal on behalf of Quality Oil Company. This is the 6th transaction for Mumford Company this year.

This property has been a Choice Award winner for 3 consecutive years. The 3 story, interior corridor, property was built in 1998 and is centrally located within the Winston-Salem market on Interstate 40 near Hanes Mall. The Sleep Inn is proximate to many commercial and leisure demand generators including Forsyth Medical Center, Baptist Hospital, the Reynolda Village shopping/dining area, Wake Forest University and Winston-Salem State University.

 



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