Industries Commercial Real Estate

Shamin Hotels buys two Virginia Beach properties

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Chester-based Shamin Hotels has bought two Hilton-branded hotels in Virginia Beach formerly owned by Hampton Roads developer Bruce Thompson.

The total sales price was not disclosed.

The Aug. 31 sale included the Hilton Virginia Beach Oceanfront at 3001 Atlantic Avenue and the Hilton Garden Inn at 3315 Atlantic Avenue.

CBRE Hotels, which represented Thompson’s company, Gold Key/PHR Hotels, in the sale said the hotels have a combined 456 rooms.

They are located on the Virginia Beach Boardwalk which extends 42 blocks along the Atlantic Ocean, stretching nearly three miles.

The Hilton Virginia Beach Oceanfront, built in 2005, has 289 rooms, more than 12,000 square feet of meeting space and two full-service restaurants, Catch 31 and Salacia. The hotel’s rooftop bar, Skybar, overlooks the ocean.

Built in 2014, Hilton Garden Inn Virginia Beach has 167 guest rooms including 24 suites with private balconies. It has two restaurants, Logger Heads and the Garden Grill.

CBRE Hotels said Gold Key recently completed a $13 million renovation of the hotels.  

Doug Henkel and Lewis Miller of CBRE Hotels representated Gold Key/PHR Hotels in the transaction.




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