Affiliates of Paceline Equity Partners Acquire Full-Service Delta Hotel Virginia Beach Bayfront Suites

Paceline Equity | June 15, 2022

DALLAS--Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired the Delta Hotel Virginia Beach Bayfront Suites, a full-service, all-suite hotel located on the northern coast of Virginia Beach, VA. The property is located less than 10 miles from the heart of Virginia Beach and Atlantic Ave. The acquisition will be Paceline’s second strategic partnership with BlackPearl Capital, a group with significant hospitality investing and operating experience. The Delta Hotel Virginia Beach Bayfront Suites was built in 1986 and most recently underwent a comprehensiv...