Steve Kirby, Managing Principal, Mumford Company
Steve Kirby is a managing principal of The Mumford Company, a hotel brokerage and advisory services firm with over 40 years of results-oriented real estate service to the industry. Kirby is an active broker and manages the marketing and administration operations of all five of the company’s offices.
Smart Strategy: How Hotel Owners Should Decide When to Sell
Regardless of where the industry is in a cycle, there are always owners who are looking to buy and sell assets. However, owners are...
Four Financial Changes That Impact the Hospitality Industry’s ‘New Normal’
In 2019, the United States enjoyed the unprecedented 11th year of economic growth since the “Great Recession.” Economists predicted an economic downturn; the only...
Distressed Hotels: A Good Deal?
Savvy investors constantly search for that really “good deal.” For the right purchaser, a distressed hotel may present this opportunity. Properties are distressed for...
Is the Perfect Storm Brewing for Hospitality Properties?
At the end of 2019, prognosticators expressed cautious optimism about economic prospects for 2020. Economic fundamentals, such as an 11-year upward trend in the...