NEWPORT NEWS, Virginia—Mumford Company announced it had a strong start in 2024, with multiple transactions closing in the first quarter of 2024. “The Federal Reserve’s decision to pause interest rate increases, coupled with strong economic indicators, has encouraged buyers to acquire hospitality properties,” said Steve Kirby, managing principal, Mumford Company. “While we are experiencing minor economic headwinds, buyer interest remains robust. It’s a good time to be a seller.” Some of their recent transactions include: […]

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