VIRGINIA BEACH, VA-Accor has acquired a former Fairfield Inn here that it is converting to its Motel 6 brand. The price of the 131-room property was undisclosed.

The seller was a limited partnership, Virginia Beach Hotel LLC. Mark Morris, SVP for Molinaro Koger, structured the transaction.

According to Morris, this is the first corporate acquisition that Accor has made in eight years. Accor recently set a goal of establishing 1,200 locations in North America by 2010. Leading the charge will be two of its brands–Motel 6 and Studio 60–both of which are pursuing franchising. Also, Accor is making strategic acquisitions in select locations.

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