Thank you for sharing!

Your article was successfully shared with the contacts you provided.

VIRGINIA BEACH, VA-Developers of the 176-room Hilton Garden Inn, Armada/Hoffler and Crestline Capital, edge closer toward the property’s projected November 2003 opening with the appointment of Crestline Hotels & Resorts Inc. to serve as manager of the $20 million hotel.

Crestline Hotels & Resorts president and CEO Dave Durbin notes the new hotel represents the company’s plan to expand its management portfolio in the growing Tidewater area. When all is said and done, the seven-story Hilton Garden Inn will offer over 2,700 sf of meeting and event space, a business center, and a fitness center. It will be one of several Hilton Garden Inn’s in the Northern Virginia region.

The business hotel–which will be part of the highly anticipated public/private Virginia Beach Town Center development that is being spearheaded by Armada/Hoffler–is being partially funded to the tune of $18 million by The Endowment Fund of Hampton University. The university’s loan gives it a 35% stake in the hotel.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.