Published on : Thursday, May 17, 2018
This organization had hired Commonwealth Lodging Management, a hospitality management and consulting firm headquartered in Virginia Beach to manage the conference center.
The 263,328-square-foot hotel had 295 suites and is based on a 3.6-acre site along the Chesapeake Bay.
Lingerfelt Common Wealth Partners plans a $25-million renovation to the property and would be rebranding it as Delta Hotel by Marriott, the newest upscale of Marriott, a full-service brand designed for corporate and leisure tourists.
The new hospitality brand at present has over 12,000 rooms in 50 operating hotels across the United States, China and Canada.
Warren D. Harris who is the economic development director said in a statement that investment in the Shore Drive corridor aligns perfectly with the city’s vision for this exclusive Chesapeake Bay-fronted business and residential community.
Duane Gauthier, managing director of Commonwealth Lodging Management, said in a statement that they are excited about this opportunity to expand their portfolio with the addition of this great asset located on the Chesapeake Bay in Virginia Beach.
Commonwealth Lodging Management is experienced in the management of nationally franchised hotel assets with a strong background in hotel operations, franchise relations, development and hotel finance.
The Virginia Beach Development Authority approved an Economic Development Investment Program grant in the amount of $200,000 based on the company’s capital investment of $25 million. The grant funds will be used toward the major renovation and reinvestment in the Shore Drive corridor.