Williamsburg hotel sells for $4.47M
Former Radisson to be rebranded
A former Park Inn by Radisson hotel in Williamsburg has been sold for $4.47 million, Cushman & Wakefield | Thalhimer announced Thursday.
The 122-room hotel, located at 2007 Richmond Road, was purchased by The Tapestry Group Inc. in partnership with SBG Richmond Road LLC from SHNI Corp. as an IRS Section 170 bargain sale transaction. The new owners plan to renovate and rebrand the property as a Wingate by Wyndham.
David Butchello of Cushman & Wakefield | Thalhimer’s hospitality group handled sale negotiations on behalf of the seller.