Landmark Hotel Group LLC has successfully completed the acquisition of the Staybridge Suites located in Chesapeake, VA. The 115-suite upscale, extended stay hotel will continue to be branded as a Staybridge Suites and serves as a further extension of the company’s already strong portfolio of hotels in the Greenbrier corridor of Chesapeake.
Commencing October 2017, the hotel will undergo a comprehensive $1.75 million renovation. The renovation will include new finishes and furnishings throughout the hotel and will serve to maintain the hotel’s positioning as the market’s premier upscale, extended-stay hotel.
The Staybridge Suites is centrally located off I-64 near I-264 and I-664 adjacent to the Chesapeake Conference Center. The hotel is conveniently located in the heart of the Greenbrier submarket offering easy access to the Virginia Beach Oceanfront, Norfolk International Airport, and Norfolk Naval Shipyard. The acquisition represents the opportunity to invest in a high-quality, select-service property in a strong location.
Featuring 115 suites including studios, one bedroom, and two bedroom suites in a four-story building, the hotel’s amenities include: complimentary hot breakfast, business center, indoor pool and whirlpool, and fully equipped fitness center.
Staybridge Suites is a leading, extended-stay, all-suite hotel brand targeting extended-stay and corporate travelers. Known for its residential-style surroundings and services, Staybridge Suites features all apartment-style suites with kitchens. The brand competes in the upscale segment of the extended-stay lodging market and was recently ranked highest in guest satisfaction in the extended-stay segment according to J.D. Power and Associates.
Landmark Hotel Group is a leading hospitality company specializing in the management, ownership and development of fine hotels and mixed-use developments. Founded in 1983, the company operates in the mid-Atlantic region with over 550 associates.