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VIRGINIA BEACH, Va. (WAVY) - Virginia Beach City Council members met Tuesday night to discuss details on the Cavalier Hotel Project. WAVY.com was in the council meeting that affirmed Mayor Will Sessoms wishes for the city to contributes $13 million dollars History might quibble with the holiday, as Virginia Beach actually became an independent city in 1952. The boardwalk was first constructed in 1888. Fifty years ago, however, the two-square-mile resort city merged with the larger and more rural Virginia Beach, Va. – Stabbings, shootings, and robberies hit the Resort City over the weekend. Now, Beach police are working to find out who’s responsible, and how to get the Oceanfront ready for the summer rush. Beach police say they had 325 calls to garden-style community in Virginia Beach. According to ARA, the property sold for $44 million to Los Angeles-based JRK Property Holdings, a subsidiary of JRK Investors, an apartment, hotel, and real estate investment management firm. ARA mid-Atlantic VIRGINIA BEACH, Va. (AP) -- The Cavalier Hotel property in Virginia Beach could soon have a new owner. The Virginian-Pilot (http://bit.ly/11PRuAX ) reports that a judge is expected to rule Monday on a motion to sell the hotel and surrounding properties to Virginia Beach city leaders agreed to contribute $18 million toward the redevelopment of the Cavalier Hotel property, Inside Business reported. Virginia Beach developer Bruce Thompson is proposing a $43 million renovation of the hotel and a total .
Judge Jane Roush approved the sale of the Cavalier Hotel to Virginia Beach developer Bruce Thompson Monday, a court clerk in Buckingham County told WAVY.com. The judge also approved a settlement for current shareholders. Thompson offered to buy the iconic Virginia Beach developer Bruce Thompson signed an agreement to buy the Cavalier Hotel and related properties for more than $35 million, Inside Business reported. Thompson, CEO of Gold Key|PHR Hotels and Restors, is buying the hotel through firm Cavalier Koster was founded in Virginia Beach in 1992 and is part of an international product manufacturing group based in Germany. According to a development authority presentation, Koster has worked on projects including the MGM Grand Hotel in Las Vegas and an VIRGINIA BEACH — Virginia Beach police made nearly 150 arrests stemming "I've never seen the Oceanfront so packed. Ever." Fliers advertised hotel and party specials at private businesses for students at Virginia universities, including Norfolk .
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