Lingerfelt CommonWealth Partners, LLC
To Purchase and Rebrand Virginia Beach Resort Hotel & Conference Center with $44 Million Capital Investment
Lingerfelt CommonWealth Partners, LLC, headquartered in Richmond, Va., will purchase the Virginia Beach Resort Hotel & Conference Center at 2800 Shore Drive for $19 million. The company has hired Commonwealth Lodging Management, LLC, a hospitality management and consulting firm headquartered in Virginia Beach, to operate and manage the hotel/conference center, which comprises 263,328 square feet with 295 suites on a 3.6-acre site along the Chesapeake Bay. After a major $25 million renovation, the hotel will be rebranded it as Delta Hotel by Marriott, Marriott’s newest upscale, full-service brand designed for business and leisure travelers. The new hospitality brand currently has more than 12,000 rooms in 50 operating hotels across the U.S., Canada and China. Powered by Marriott’s industry-leading digital, sales and marketing engines, Delta Hotels is poised for U.S. and global growth.
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