REBusinessOnline

MUMFORD COMPLETES SUPER 8 SALE

AINSWORTH, NEB. — Mumford Co. has completed the sale of a 35-room Super 8 Motel located in Ainsworth. It was purchased by Aarav Hospitality, a hotel operator that plans to complete capital improvements to the hotel and retain its Super 8 brand. David Mumford and Randy Lee of Mumford represented the seller, Gold Inc., in the transaction. Financing for the deal was provided by a local bank utilizing the USDA’s loan program. The acquisition price was not disclosed.

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