NEWPORT NEWS, Va.—Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced they represented the affiliates of Sotherly Hotels in the sale of the Crowne Plaza Marina Hotel, Hampton, Va., to Marina Hotel, an affiliate of Shamin Hotels. Shamin Hotels plans to renovate and transform he property with new food and beverage outlets and eclectic design. The Tapestry Collection will be comprised of one-of-a-kind, upscale independent hotels.
The 173-room waterfront property overlooks the historic Hampton waterfront and offers guests floor-to-ceiling views of the Hampton River and vibrant downtown. The hotel features 11,000 square feet of meeting space along with outdoor rooftop pool and is located minutes from Hampton University, Fort Monroe, Hampton Coliseum, Hampton Roads Convention Center, and the Peninsula Town Center.
“This transaction allowed us to help two clients achieve their asset objectives,” said David B. Mumford, Principal, Mumford Company. “Sotherly shed a non-core asset while Shamin Hotels was able to achieve their objective by expanding their footprint in Southeastern Virginia and having one of the first properties approved in the new Tapestry Collection by Hilton brand.”
