MUMFORD CO. COMPLETES SALE OF COUNTRY INN & SUITES BIG RAPIDS

BIG RAPIDS, MICH. — On behalf of Big Rapids Country Lodging LLC, Mumford Co. has sold the Country Inn & Suites of Big Rapids to Jackson Superior Hospitality Inc. Built in 2003, the three-story hotel includes 63 rooms, a business center, fitness center, guest laundry and a heated indoor pool. Big Rapids Country Lodging LLC is a South Dakota-based investment group, which is pruning its portfolio of non-core branded assets. Jackson Superior Hospitality Inc. is a Michigan-based group with extensive lodging holdings throughout the state. The new owner plans to upgrade and renovate the hotel. David Mumford, senior principal of Mumford Co.’s Newport News, Va., office and Lance Potter, vice president in the firm’s Chicago office, arranged the transaction.