lingerfelt commonwealth partners
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 Partners Acquires Portfolio of Five Hotels
Lingerfelt CommonWealth Partners | February 3, 2015
Richmond, Virginia - February 03, 2015 - Lingerfelt CommonWealth Partners today announced the acquisition of five hotels in Orlando, Florida, Atlanta, Georgia, and Charlotte, North Carolina. The portfolio, totaling 758 rooms, is comprised of premium hotels within the Marriott International (NASDAQ: MAR) and Hilton Worldwide (NYSE: HLT) select service and full service brands, as further described below. CommonWealth Lodging™, an affiliate of Lingerfelt CommonWealth Partners, will manage all operations of the hotels, including a comprehensive, multi-million dollar renovation of the DoubleTree by Hilton in Atlanta and Fairfield Inn by Ma...
