Florida-based company buys Virginia Beach Hotel
Published
A 120-room Hampton Inn, located at the Virginia Beach/Norfolk border, has a new owner.
Florida-based Liberty Fund Acquisitions paid a reported $9.2 million for the property located at 5793 Greenwich Road. The seller was New Jersey-based Bleinheim Hotels, according to CBRE Hotels, which represented the seller.
Built in 1991 and last renovated in 2014, the hotel ranks 28th of 112 hotels in Virginia Beach, according to Trip Advisor, an online travel site. Amenities include a fitness center, business center, complimentary WiFi and an outdoor swimming pool.
The property is close to interstates 64 and 264. “This hotel enjoys a strong central location and with the significant improvements that the new owner will be making to the hotel it should continue, as well as improve, its strong performance in the market,” CBRE Hotels Executive Vice President Doug Henkel said in a statement.
