MUMFORD BROKERS 99-ROOM HOTEL SALE

by admin

TEMPLE, TEXAS — Mumford Co. has brokered the sale of a 99-room hotel located near Interstate 35 in Temple. In addition to guestrooms, the hotel features food and beverage options that include a separate lounge. Mike Francis of Mumford’s Dallas office negotiated the transaction between the buyer, Managal Murty LLC, and the seller, GE Capital Corp. The buyer plans to renovate and re-open the hotel. The acquisition price was not disclosed.

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