VIRGINIA BEACH, Va. (WAVY) — The trio of hotels that make up the Cavalier Resort at the Oceanfront has been sold and are under new management.
Tuesday it was announced that Connecticut-based Wheelock Street Capital purchased the Historic Cavalier Hotel and Beach Club, the Marriott Virginia Beach Oceanfront and the Embassy Suites from The Cavalier Associates in what Ben Blumberg, a senior associate with CRBE Hotels called: “The largest hotel transaction in Virginia history.”
Historic Cavalier Hotel and resort could be sold
HEI Hotels & Resorts, also based in Connecticut, will manage the properties that anchor the northern end of the Virginia Beach resort.
The resort, completed as a public-private partnership in 2023 for $458 million, now accounts for 547 rooms, 81 private homes, 35 condos, nine restaurants, six pools, a spa and a distillery sitting on roughly 15 acres of land. It has received numerous awards and recognitions. The Historic Cavalier, built in 1927, is part of Marriot’s Autograph Collection, which consists of upper-upscale to luxury hotels that are independently owned…