Thursday, June 20, 2013

Virginia Beach Hotel

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VIRGINIA BEACH - Va. Beach city leaders announced Friday they could give $18 million to the developer of the old Cavalier Hotel to help renovate and preserve the 22-acre site. The agreement is with new owner/developer Bruce Thompson, who Cavalier Hotel VIRGINIA BEACH, Va. — A judge on Monday approved the settlement of a long-running legal battle involving The Disthene Group, a multimillion-dollar family enterprise based in Buckingham County, along with the sale of the Cavalier Hotel property in VIRGINIA BEACH - Va. Beach City Council will take proposals from private companies on extending light rail into the resort city. At Tuesday night's meeting, members decided they wanted to see what, if any, private groups would be interested in building the Jun 19, 2013 (Menafn - The Virginian-Pilot - McClatchy-Tribune Information Services via COMTEX) --VIRGINIA BEACH -- Thirty-one jobs are headed to the city as two companies expand their presence. Avis Budget Group will relocate 17 positions from its 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 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 .

Virginia Beach, Va. – The sale of the Cavalier Hotel and surrounding property to a Virginia Beach developer was approved Monday. Judge Jane Marum Roush approved the $35 million sale to developer Bruce Thompson in Buckingham County Circuit Court according RICHMOND, Va. — A developer has made a $35 million bid to acquire the Cavalier Hotel property in Virginia Beach, but the proposed sale must overcome a court challenge next month. The 22-acre property includes the 86-year-old hotel and a newer VIRGINIA BEACH, Va. (AP) - A judge has approved the sale of the Cavalier Hotel in Virginia Beach. According to published reports, Fairfax County Circuit Judge Jane Roush cleared the way Monday for the sale of the hotel and surrounding property to The VIRGINIA BEACH, Va. (AP) -- The Cavalier Hotel property in Virginia Beach could soon have a new owner. The Virginian-Pilot ( ) reports that a judge is expected to rule Monday on a motion to sell the hotel and surrounding properties to .


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