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Va. Tech says ‘Cheers!’ to Fightin’ Hokies Lager
University announces beer production partnership with Richmond-based Hardywood Park Craft Brewery
Although Hokie fans couldn’t fill Lane Stadium this year decked in maroon and orange, there’s a new tailgating trophy they can look forward to obtaining this coming spring — a licensed Virginia Tech beer, Fightin’ Hokies Lager. Virginia Tech’s College of Agriculture and Life Sciences announced Tuesday it has partnered with Richmond-based Hardywood Park Craft
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Governor’s Inn in Williamsburg sells for $3.05M
Built in 1964, hotel closed permanently in 2019
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The Governor’s Inn, a former 200-room hotel in Colonial Williamsburg, sold for $3.05 million, Cushman & Wakefield | Thalhimer announced last week. Charlottesville-based real estate investment company Castle Development Partners LLC purchased the property from The Colonial Williamsburg Foundation and plans to raze the property and redevelop it into a 162-unit apartment community. Built in
Hope springs eternal
After tough pandemic season, Williamsburg seeks 2021 renewal
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Williamsburg’s tourism-steeped economy was on track for a banner year when COVID-19 knocked it off course. Businesses, including tourist attractions Busch Gardens Williamsburg and Colonial Williamsburg shut down, William & Mary sent students home, and hotel and motel occupancy rates plummeted. As of late October, with capacity restrictions gradually lifted, Williamsburg was striving to get
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Loudoun County launches outdoor seating grants
Businesses can receive up to $5K for outdoor seating costs
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While COVID-19 cases run high and outside temperatures run low, the Loudoun County Board of Supervisors has allocated $250,000 in federal CARES Act funding to offset costs for outdoor dining, including seating, tents, heating systems and heating fuel, Loudoun Economic Development announced Thursday. The Loudoun Is Ready Outdoor Seating Grant will provide up to $5,000
More than 70% of U.S. hotels may not survive pandemic
Va. hotel revenues continue decline
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As COVID-19 cases continue to rise in the U.S. and travel restrictions are reinstated, the American Hotel & Lodging Association (AHLA) projects that 71% of hotels won’t survive another six months without federal assistance, according to recent survey results. In Virginia alone, Virginia hotel revenues continued last week to stay well below pre-pandemic levels compared
Hilton to sell $1.9B in debt in private offering
McLean hotelier continues to see significant revenue drops
Published
As hotel industry revenues continue plummeting, McLean-based Hilton Worldwide Holdings Inc. announced this week it will sell $1.9 billion in debt in a private offering to institutional buyers. The hotelier will sell $800 million of senior notes (due in 2029) at a 3.75% interest rate and an additional $1.1 billion at a 4% rate. Those
Visit Virginia’s Blue Ridge names sales, marketing VP
Debora Wright promoted at organization
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Visit Virginia’s Blue Ridge (Visit VBR) announced Monday it has promoted Debora Wright as vice president of sales and marketing. With more than 25 years of experience in destination marketing, Wright will lead external outreach and brand-building for the organization. She has been with the organization since 1993, when it was formerly known as Roanoke
More than $1.9M in grants going to Va.’s tourism industry
161 local tourism initiatives will receive funding
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While COVID-19 continues to slam the tourism and hospitality industries, Gov. Ralph Northam announced Monday that more than $1.9 million in matching grants will be disbursed among 161 local tourism initiatives as part of Virginia Tourism Corp.’s Recovery Marketing Leverage Program (RMLP). Although Virginia’s tourism industry had another record year in 2019, posting $27 billion
Va. hotel revenues likely to remain low through holidays
Lodging revenues down 53% compared to last year
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With the holiday season looming, Virginia hotel revenues continue to decline when compared to last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Nov. 1 through Nov. 7, hotel revenues in Virginia decreased by 53% and rooms sold
Kings Dominion to make holiday season comeback
Hanover County theme park to reopen in December
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Making a brief comeback before the end of 2020, Kings Dominion will reopen in December for a limited-time, limited-capacity holiday event after being closed for an entire summer season for the first time in its 45-year history, due to the COVID-19 pandemic. Owned and operated by Cedar Fair Entertainment Co., the amusement park in Hanover