Mumford Company represented Supertel Hospitality in the sale of the Baymont Inn-Louisville South to Kishu, 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, VP 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 has a two-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.