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.
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 question was what would be the cause?
Few anticipated that the...
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 many reasons, lack of revenue being the number one but...
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 economy, continuing job growth that has brought a growing number...