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Eastern Lodging Continues Asset Sale

Wednesday January 2nd, 2013 - 12:05AM

ROANOKE, VA–Affiliates of Eastern Lodging, Inc., have sold a Super 8 hotel here to Shree Ramji, LLC, for an undisclosed amount.

This is the 24th sale in which the Mumford Co. represented Wilmington, DE-based Eastern Lodging and is part of an ongoing asset disposition program. Shree Ramji, LLC, is a regional owner and manager with hospitality holdings throughout Virginia. The buyer plans to make cosmetic renovations to the property and retain the affiliation with the Super 8 brand, which is part of the Wyndham Hotel Group.