Brief
Ascendant Purchases Eight-Hotel Portfolio Across Virginia Beach, Outer Banks
LOS ANGELES — Los Angeles-based Ascendant Capital Partners has acquired an eight-property hotel portfolio across Virginia Beach and North Carolina’s Outer Banks region. CBRE Hotels, the hospitality di
Summary
LOS ANGELES — Los Angeles-based Ascendant Capital Partners has acquired an eight-property hotel portfolio across Virginia Beach and North Carolina’s Outer Banks region.
CBRE Hotels, the hospitality division of CBRE Group, represented the seller, Coastal Hospitality, in the transaction.
CBRE also served as financial advisor on behalf of Ascendant. The sales price was not disclosed. Schulte Hospitality Group will assume operations of the portfolio. The portfolio comprises 965 rooms across six hot
Source
- REBusinessOnlinerebusinessonline.com
