News

21 Jun2022

HUNTER HOTEL ADVISORS ARRANGES SALE OF BAYFRONT VIRGINIA BEACH HOTEL

Hunter Hotel Advisors (“HUNTER”) is pleased to announce the sale of the Delta Hotel by Marriott Virginia Beach Bayfront Suites on the north shore of Virginia Beach, Virginia. Lingerfelt Commonwealth Partners sold the property to a joint venture between BlackPearl Capital and an affiliate of Paceline Equity Partners for an undisclosed price. HUNTER’s Trey Scott and Spencer Davidson advised the seller.

Renovated in 2020, this 295-suite hotel offers sweeping views of the bay. Guests will also enjoy three food and beverage services, including Tin Cup Kitchen + Oyster Bar, a fitness center, outdoor pool, and direct beach access.

Virginia Beach’s large tourism market welcomes over 19 million visitors annually and is continuously increasing. The town is known for its boardwalk and beaches. It is also home to two large military bases and the Port of Virginia providing consistent demand.

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