Mumford Announces Sale of Masters Inn of Statesville, North Carolina

. October 14, 2008

NEWPORT NEWS, VA, March 23, 2006. The Mumford Company, the Nation's Leading Broker of Mid-Market and Economy Hotels, announces the successful sale of the Masters Inn of Statesville, North Carolina.

The Mumford Company is pleased to announce the closing of the sale of the Masters Inn of Statesville, North Carolina on behalf of an affiliate of HLC Hotels. This limited-service facility located at the intersections of Interstate 40 and 77 offers solid upside potential for the new owners, Jai Bright Hotels, an entrepreneurial buyer group out of North Carolina.

Please visit our web site at www.mumfordcompany.com for detailed information on any of nearly 80 current exclusive listings or if we can help with the sale of your hotel property!

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