HAMPTON, VA-MHI Hospitality is acquiring a former Radisson Hotel here for nearly $7.8 million, or $45,000 per key. MHI is reflagging it as a Crowne Plaza Hampton Harborside, having entered into a 10-year franchise agreement with InterContinental Hotels Group’s franchising entity, Holiday Hospitality Franchising. MHI did not return calls in time for deadline.

Located on 3.5 acres in downtown Hampton, the hotel includes 21,000 sf of retail space, 7,600 sf of flexible meeting space, a roof-top pool and a four-story, 300 car parking garage. MHI will be renovating the property over the next nine months as part of the rebranding.

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