commonwealth lodging management
Lingerfelt CommonWealth Partners to Purchase and Rebrand Virginia Beach Resort Hotel & Conference Center With $44 Million Capital Investment
Lingerfelt CommonWealth Partners, LLC | May 15, 2018
VIRGINIA BEACH, Va. (May 15, 2018) — Lingerfelt CommonWealth Partners, LLC, a vertically integrated, real estate income fund management firm headquartered in Richmond, Va., will purchase the Virginia Beach Resort Hotel & Conference Center at 2800 Shore Drive for $19 million. Lingerfelt CommonWealth Partners 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. Lingerfelt CommonWealth Partners plans a major $25 ...
Lingerfelt CommonWealth Sells Richmond Marriott Short Pump in Richmond, VA
Lingerfelt CommonWealth Partners | March 2, 2017
RICHMOND, Va., March 2, 2017 -- Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the sale of the 243 room full-service Richmond Marriott Short Pump for $38.5 million. The purchaser was a partnership of regional investors. Commonwealth Lodging Management, the company's hotel management affiliate, will continue to operate the hotel under the new ownership. In October 2015, Commonwealth Lodging oversaw an $11+ million renovation, transforming the property into a state of the art hotel designed for the today's traveler. More on the company can be found on the w...
Lingerfelt CommonWealth Acquires Hilton Dual-Branded Hotel in Downtown Jacksonville, Florida
Lingerfelt CommonWealth Partners | March 2, 2017
RICHMOND, Va., March 2, 2017 -- Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the acquisition of a stabilized dual-branded Hilton Garden Inn | Homewood Suites hotel in downtown Jacksonville, Florida. The premium branded select-service and extended-stay hotel was constructed in 2009 and is comprised of a 123 guestroom Hilton Garden Inn and a 98 suite Homewood Suites. Commonwealth Lodging Management, the company's hotel management affiliate, will operate the hotel. More on the company can be found on the web at www.LingerfeltCommonWealth.com. Any discus...
