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Virginia Beach Resort Hotel & Conference Center sold for $19 million

3 monthes ago   |   By

Lingerfelt CommonWeath Partners, a real estate income fund management firm that had headquarters in Richmond would purchase the Virginia Beach Resort & Conference Center for an overwhelming $19 million.
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Virginia Beach Resort Hotel & Conference Center sold for $19 million

Virginia Beach Resort Hotel & Conference Center sold for $19 million

3 monthes ago   |   By

Lingerfelt CommonWeath Partners, a real estate income fund management firm that had headquarters in Richmond would purchase the Virginia Beach Resort & Conference Center for an overwhelming $19 million.
This organization had hired Commonwealth Lodging Management, a hospitality management and consulting firm headquartered in Virginia Beach to manage the conference center.
The 263,328-square-foot hotel had 295 suites and is based on a 3.6-acre site along the Chesapeake Bay.
Lingerfelt Common Wealth Partners plans a $25-million renovation to the property and would be rebranding it as Delta...
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