financeLodging Magazine··1 min·For: Owner, GM, Investor, Revenue
Wheelock Street Capital Acquires The Cavalier Resort
Wheelock Street Capital has acquired The Cavalier Resort in Virginia Beach, a luxury destination featuring the historic Cavalier Hotel, Marriott Virginia Beach Oceanfront, and Embassy Suites by Hilton Virginia Beach Oceanfront.
Key Takeaways
- 1Track large-scale resort acquisitions as institutional investors like Wheelock Street Capital target high-value, multi-asset coastal destinations.
- 2Evaluate the potential of mixed-use hospitality sites that combine historic luxury, modern beachfront lodging, and high-end residential components.
- 3Note the continued use of specialized management firms like HEI Hotels & Resorts and Davidson Hospitality Group for complex, multi-brand resort operations.
Source: Lodging Magazine
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