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Newport News Today
By the People, for the People
Virginia Hampton Inn Sold in Deal Brokered by Mumford
Ebbitt Corporation sells Gloucester hotel to Virginia-based ownership group
Published on Feb. 26, 2026
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Real estate investment firm Ebbitt Corporation has sold the Hampton Inn in Gloucester, Virginia, in a deal brokered by Mumford Company. The hotel was acquired by a Virginia-based, multi-unit ownership group who will undertake a renovation and continue operating it as a Hampton Inn.
Why it matters
This transaction highlights the ongoing activity in the hotel investment and transaction market, with experienced brokers like Mumford Company facilitating deals between buyers and sellers. The renovation plans also indicate the new owners' commitment to maintaining the property’s brand standards and competitiveness.
The details
The Hampton Inn by Hilton was acquired by the Virginia-based ownership group in a 1031 exchange, utilizing proceeds from a recent sale that was also brokered by Mumford Company. The new owners plan to complete a thorough property improvement plan (PIP) renovation to the hotel.
- Mumford Company brokered the sale of the Hampton Inn to Ebbitt Corporation in 2016.
- The recent sale of the Hampton Inn by Ebbitt Corporation to the new Virginia-based ownership group was brokered by Mumford Company.
The players
Ebbitt Corporation
A real estate investment firm that previously owned the Hampton Inn in Gloucester, Virginia.
Mumford Company
A Newport News, Virginia-based real estate brokerage firm that facilitated the sale of the Hampton Inn from Ebbitt Corporation to the new Virginia-based ownership group.
Virginia-based, multi-unit ownership group
The new owners of the Hampton Inn in Gloucester, Virginia, who acquired the property in a 1031 exchange.
What’s next
The new owners plan to complete a thorough property improvement plan (PIP) renovation to the Hampton Inn property.
The takeaway
The sale of the Hampton Inn in Gloucester, Virginia, brokered by Mumford Company, demonstrates the continued demand for hotel properties, even during challenging economic times, as experienced investors seek opportunities to acquire and upgrade existing assets.
