Hampton Roads hotel is sold
- December 10, 2018
The Hyatt Place Chesapeake has been bought by India-based SAK Developers, a private investment group, from an institutional seller.
The sale was announced by Atlanta-based Hunter Hotel Advisors, an investment advisory firm focused on the hotel industry.
The sales price and the seller were not disclosed.
Marshall Hotels & Resorts of Salisbury, Md., will provide sales & marketing, operations and accounting services to the owner.
The 119-room Hyatt Place Chesapeake , which opened in 2008, was extensively renovated last year.
The hotel is located near Dollar Tree’s corporate headquarters and the Oakbrooke Business & Technology Center.