Historic Virginia Beach Hotel for Sale
Wednesday January 2nd, 2013 - 11:59AM H
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VIRGINIA BEACH, VA—The Cavalier Hotel here is up for sale.
CBRE|Hotels has been retained to sell the historic property, which opened in 1927. The hotel is composed of two full-service hotels: the original, 110-room structure and a 282-room property that opened in the 1970s.
It has more than 50,000 sq. ft. of meeting space; an indoor pool, outdoor pool and kiddie pool; outdoor tennis courts; fitness center; kid’s playroom; and food and beverage options.
Tags: • Hospitality • Ownership •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.