LEESBURG, VA—The new owner of The National ConferenceCenter here say it plans to improve the training center'scommon areas in order to reverse what has been dwindling businessstemming from cutbacks in federal meetings there.
Last week, NCC PS Enterprises, a joint ventureof real estate investment firm PCC andStoneleigh Capital, acquired the hotel andconference center. No terms of the transaction were released,according to the Washington Post.
“We believe that the land in Loudoun County is extremelyvaluable,” says Frank D. Palmer, managing directorof Stoneleigh Capital. “We thought that we could identifyopportunities to bring the conference center back to a level ofprofitability.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
