NEWPORT NEWS, VA—Mumford Company announced the passing of Founder and Chairman Emeritus of Mumford Company, George Mumford this past weekend.
Born in 1929, Mumford, founded The Mumford Company in 1978 and became a recognized leader in the brokerage of economy and mid-market hotels.
In his distinguished career at Mumford Company, Mumford was involved in the sale of over 300 hotel properties valued in excess of $600 million. During the firm’s tenure with Hotel & Motel Brokers of America, he won the “Top Performer” award from 1993 through 1999. Mumford participated in some of the firm’s larger transactions in later years, and led the firm in dollar volume of sales in 2004.
Prior to his founding of The Mumford Company, Mumford enjoyed a notable career with one of Virginia’s largest banks, where he rose through the ranks to become senior regional credit officer. From the banking industry, he joined a large, multi-discipline real estate firm that became involved in numerous facets of the hotel industry, including development, operations, and brokerage.
Mumford is survived by his wife of over 57 years Margaret; his son, David and wife, Debbie; his son, Paul and wife, Laura and his two grandchildren, Carsen and Logan; his brother in law, Bob Petersen and wife, Barbara; sister in law, Shirley Strait and numerous nieces and nephews.