Virginians bet $182 million in August, a 13% increase from July, according to data released Friday by the Virginia Lottery.
Virginian sports bettors won $171 million in August. Virginia sports betting wagers total more than $1.48 billion since the state legalized sports betting in mid-January.
In July, the state reaped about $161.9 million in gross revenue from sports betting, which was a 31% dip from June revenues. The dip was consistent with what occurred in other areas in the U.S., according to the Virginia Lottery, and a seasonal slump is normal, according to a PlayVirginia analysis.
The eight licensed operators included in August’s reporting were Betfair Interactive US LLC (FanDuel) in partnership with the Washington Football Team; Crown Virginia Gaming LLC (Draft Kings); BetMGM LLC; Rivers Portsmouth Gaming LLC (Rivers Casino Portsmouth); Caesars Virginia LLC (William Hill); WSI US LLC (Wynn); Unibet Interactive Inc.; and newcomer Penn Sports Interactive LLC.
The state placed a 15% tax on sports betting activity based on each permit holder’s adjusted gross revenue. With four operators reporting net positive adjusted gross revenue, the monthly taxes for August total $1.38 million.
Under the five-year Small Business Innovation Research phase III indefinite delivery, indefinite quantity contract, ITA will provide customized data visualization and analysis and will use a suite of data analytics tools to help defense agencies operationalize data.
“Our team of ITAers has a great deal of experience helping the U.S. Air Force operationalize data,” ITA International CEO Mike Melo said in a statement. “We’re ecstatic the data-enabled services we provide them has become a model of excellence for all of government.”
Founded in 2005, ITA International has more than 325 employees in more than 20 locations worldwide and provides services in operational support, marine engineering, cyber operations and data analytics.
An Arlington-based joint venture between Dallas-based Jacobs Engineering Group Inc. and Kansas-based Black & Veatch Holding Co. won a $100 million contract with the U.S. Army Corps of Engineers for work in Fort Meade, Maryland, the Department of Defense reported Wednesday.
Under the firm-fixed-price contract, Jacobs/B&V will provide design and construction services for the completion of the east campus of Fort Meade, which is expected in September 2026.
Work locations and funding will be determined with each order.
Jacobs has about 55,000 employees in more than 40 countries and an annual revenue of about $14 billion.
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company.
The Northern Virginia office real estate market showed improvement in leasing activity and occupancy loss in the third quarter, following four quarters of disrupted activity, according to a report released by commercial real estate services and investment firm CBRE Group Inc. this week.
Gross leasing activity held steady from the second quarter, ending the third at 2.1 million square feet. Although the square footage is down 22% from the 2018 to 2019 quarterly average, it is an improvement from the average leasing volume of 1.7 million square feet in the second half of 2020 and first quarter of 2021.
Net occupancy loss decelerated. The third quarter had 47,000 square feet of negative absorption, but the prior four quarters returned a combined 2.5 million square feet to the market, which was the largest occupancy loss over a 12-month period that the market has recorded since 2012, according to the report.
The overall vacancy rate, however, rose to 20.6%. The market’s peak vacancy level was 20.9% in the first quarter of 2018.
Amazon.com Inc. leased an additional 167,000 square feet in National Landing, which brought its total leased footprint to just over 1 million square feet. CACI International Inc.’s return of 100,000 square feet in the Ballston neighborhood in Arlington offset the gain, though.
Development and construction group Skanska broke ground at 3901 N. Fairfax Drive in the third quarter for a planned 201,000 square foot office development, of which 10,000 square feet will be retail space. The building is slated for completion in mid-2023.
Across the Northern Virginia market, five buildings totaling 1.9 million square feet are currently under construction at a 61% prelease rate.
The University of Virginia will invest another $50 million in matching funds through the Bicentennial Scholarship Fund, U.Va. President Jim Ryan said last week.
Established in 2016 with an initial $100 million investment, the fund matches philanthropic commitments toward scholarships, both need- and merit-based. Donors have committed about $314 million in endowed scholarships, and the university had already twice increased the amount dedicated for matches. U.Va. now has nearly 430 new scholarship endowments.
At a U.Va. Board of Visitors meeting, Ryan said, “This $314 million has leveraged approximately $220 million in matching funds for a total impact of nearly $535 million in endowed scholarships in just a few short years.”
In total, U.Va. has allocated $280 million in matching funds for scholarship support. At the time of the announcement, the fund had only about $10 million left, prompting the university’s investment.
“It is obviously an idea that has resonated and been enormously helpful to the university and its schools and students,” Ryan said in a statement.
Richmond-based Sauer Brands Inc. is expanding into salsa with the acquisition of Frisco, Texas-based Mateo’s Gourmet Salsa, the company announced Thursday.
Sauer Brands, which owns Duke’s Mayonnaise, The Spice Hunter, Kernel Season’s and its own line of spices and seasoning, did not disclose the financial terms of the deal.
In July 2019, Charlotte, North Carolina-based Falfurrias Capital Partners purchased C.F. Sauer Co. after decades of family ownership. The Sauer family still owns Sauer Properties, a commercial real estate company with holdings in the greater Richmond area.
“We are incredibly excited to add Mateo’s Gourmet Salsa to our growing family of highly differentiated and inspired flavors,” Sauer Brands President and CEO Martin Kelly said in a statement. “There are many synergies across our product lines, and we see significant growth potential in the salsa category, so it’s a great fit for our organization.”
Andrew Robbins started Mateo’s in 2010, when he decided to market his father’s homemade salsa. Mateo’s products are marketed through Costco, Target, Publix and Kroger.
“It has been an amazing journey building our brand and seeing it become one of the largest independently owned salsas in the country,” Robbins said in a statement. “Joining with a company like Sauer Brands, which has so many resources and such an impressive track record, is extremely gratifying, and I can’t wait to see what the Mateo’s brand will achieve during this next phase of its growth.”
Founded in 1887, Sauer Brands has manufacturing facilities in Richmond, South Carolina, Kansas and California.
Retired U.S. Air Force Maj. Gen. Garry Dean will become the president of Alexandria-based consulting company Peduzzi Associates Ltd. on Friday.
Dean has served on the company’s board of advisers for the last four years. He has been an international airline captain for Delta Air Lines since he retired from the Air Force in 2015. Dean’s predecessor, founder Pete Peduzzi, will continue to serve as chairman of the company.
Dean’s final military assignment was as director of the National Guard Bureau Joint Staff. He was the deputy chief of staff for operations for NATO’s Allied Joint Force Command in Naples, Italy, where he was responsible for intelligence, operations and campaign assessments for ongoing contingency operations in the Balkan, Mediterranean, Middle East and North Africa regions. As commander of the First Air Force, he was responsible for all Air Force disaster responses in North America.
I’m looking forward to working with General Dean as he leads PAL into its next great chapter,” said retired U.S. Army Lt. Gen. Ray Palumbo, a member of the company’s board. “Garry is a proven leader of character and integrity, and he will build on the solid foundation that Pete Peduzzi formed all those years ago. I’m looking forward to a very promising future for PAL serving the needs of our clients.”
PAL has a business development sector and a services sector. The business development sector assists small businesses or corporations seeking to expand in a specific sector by providing government relations, analysis and insight. The services sector provides subject mater expertise in personal and organizational change, training and development and business management for local, state and federal government agencies. The company has locations in Alabama, Florida, Texas Maryland and North Carolina.
Italian cured meats manufacturer Veronesi Holding S.p.A., a Gruppo Veronesi company, will invest approximately $100 million to establish its first U.S. production facility in Rockingham County, creating an estimated 150 jobs over the next four years, Gov. Ralph Northam announced Thursday.
The facility will be located on 75.8 acres in the Innovation Village @ Rockingham and used to age, process and package the company’s products.
In July 2018, Northam met with company officials in Italy on an international trade and marketing mission.
“We are pleased that Veronesi Holding S.p.A. chose Virginia, the home of nearly 900 internationally owned businesses, to grow in the U.S.,” Northam said in a statement. “We welcome one of Europe’s leading food and beverage companies to Virginia and Rockingham County and look forward to its success in the commonwealth.”
Headquartered in Verona, Italy, Veronesi Holding S.p.A. is a privately traded company that reported more than 3.1 billion euros in sales in 2020 and has 9,000 employees. The poultry and hog producer’s products range from feed to fresh and cured meats. Veronesi owns the Agricola Italiana Alimentare S.p.A. (AIA) and Negroni brands, the latter of which has produced delicatessen meats for more than a century.
“This is a very ambitious project for us and it marks an important step for our company,” Gruppo Veronesi CEO Luigi Fasoli said in a statement. “We want to start a new chapter in our history and establish in this country our first-ever production site for cured meats abroad, offering Americans all our expertise with the maximum freshness and quality. It is with great enthusiasm that we chose Virginia, where we found all the necessary ingredients to live our American dream.”
The Virginia Economic Development Partnership worked with Rockingham County, the Shenandoah Valley Partnership and the Port of Virginia to secure the project. Northam approved a $3.8 million grant from the Commonwealth’s Opportunity Fund for the county. Veronesi Holding is eligible for benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program and a Major Business Facility Job Tax Credit. VEDP‘s Virginia Jobs Investment program will provide funding to support employee recruitment and training activities.
Flexibility is once again the name of the game for meeting planners in 2021.
In 2020, most planners’ clients postponed or canceled conferences, while others decided to go virtual instead of meeting in person. This time around, it’s somewhat safer to meet due to COVID-19 vaccines, but outbreaks are still occurring in Virginia because of the delta variant of the coronavirus.
Still, says Marty Malloy, principal and co-founder of Henrico County-based Convention Connections Inc., “We’re creatures of wanting to interact and meet. All of our clients want to meet and get back together, so that’s extremely encouraging.”
Since April, CCI has organized events in Orlando, Florida; Austin, Texas; New Orleans and Nashville, with 10 more events scheduled for the rest of 2021 and about 50 more next year.
Laurie Campbell, president of Meeting Professionals International’s Virginia chapter, echoes Malloy’s opinion.
“People are ready to get back together,” she says. “I think moving forward most people want to see a relaxation of any kind of restrictions, but they’re still respectful of those people who are timid or still concerned about exposure or anything like that.”
Also, companies and organizations have to consider costs when planning hybrid meetings, she notes. Virtual meetings have the potential to increase attendance, but for now, the technology required increases the expense of conferences, says Campbell, senior director of sales and marketing of Newport Hospitality Group, a Williamsburg-based hotel management company. However, she does predict that virtual meetings will eventually become standard and less expensive to produce.
Today, notes Malloy, the tricky part of planning is keeping up with varying state and city ordinances regarding pandemic safety measures. One event that CCI had planned for July in New Orleans originally had a capacity limit of 250, but when the city increased capacity limits, CCI had to rapidly plan for more people. “The ball moves pretty quickly,” he says.
Campbell echoes that need for flexibility. “As we get a new announcement from every governor, then you have to be ready to bend,” she says. “As the hotel or the venue comes up with a situation that they need you to work with them on, then you’ve got to be able to bend.”
Individual venues are operating differently within the rules as well, so meeting planners need to be ready to adapt to new requirements. Conference and meeting host organizations also have differing guidelines, such as requiring masks or social distancing.
Another issue is the pent-up demand for meeting spaces. Everybody wants to have the conferences that they couldn’t hold last year and to get back to their normal meeting schedules, Malloy says. So, booking is competitive.
One of Malloy’s biggest clients, CrimeCon, a convention for true crime aficionados, was originally booked at the Orlando World Center Marriott in 2020. Although the organizers were able to hold this year’s CrimeCon as scheduled in Austin, Malloy was not able to book the Orlando center again until 2023.
The ongoing national labor shortage also has limited availability and services at some conference hotels. Joblist, a workplace website, released the results of a survey in July finding that 69% of former hospitality workers responded that they had no intention of returning to the industry.
Campbell says she didn’t see the labor shortage having a direct effect on MPI’s conference at the Richmond Marriott earlier this year but adds that it took an “all hands on deck” attitude, with all staff — including hotel managers — stepping in to help.
“It’s a bit like the duck on the water — you don’t know what the legs are doing, but it looks so smooth up top, which is what our industry is all about,” she says.
And although some hotels are seeing cancellations or slowing demand in response to the delta-related spike in COVID cases late this summer, Campbell and Malloy say plenty of organizations and businesses are still resolved to meet in person as planned.
People seem to have accepted that some risk is part of the deal, the planners agree. Malloy points to fans who have returned to attending sporting events and concerts.
“As a meeting planner, you’ve got to roll with the punches,” Campbell says. “What we do have to realize is that [COVID] is going to be with us probably forever. We just have to learn how to work with it and work around it, like we do everything else.”♣
It’s no secret that the hospitality industry is hurting from the ongoing pandemic. Although widespread shutdowns are in the past, hotel executives are now challenged by the sector’s labor shortage and the slow recovery of business travel. In July, hotel revenues were down 3% compared with the same month in 2019, according to data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry.
Although tourism travel returned to pre-pandemic levels in Virginia Beach this summer, business and government travel continues to lag, notes Virginia Restaurant, Lodging & Travel Association President Eric Terry.
Hotels continue to adapt, though, adding technology to enable hybrid meetings and updating safety protocols, with many hotels and conference centers focusing on outdoor meeting areas that are considered safer by public health officials. Many also have continued with renovations and grand openings despite the current challenges.
Here’s the latest around the state:
Marriott Virginia Beach Oceanfront seaside terrace
Central Virginia
The 18-story downtown Richmond Marriott’s multimillion-dollar renovations were finished in December. The 410-room hotel has a skywalk to the Greater Richmond Convention Center and offers six event rooms and 24 breakout rooms. Its meeting space totals 26,700 square feet, and the largest space holds 2,000 people. The ballroom can be set up for virtual meetings. On Sept. 23, comfort food restaurant Fall Line Kitchen & Bar opened in the hotel.
In eastern Albemarle County, Keswick Hall was set to reopen in October following extensive renovations. The hotel has 80 guest rooms and suites, a golf course, a new spa and a new restaurant, Marigold, from French chef Jean-Georges Vongerichten. The resort’s boardroom can accommodate 20 people and teleconferences, and the ballroom can be divided to hold a general session and breakout space for up to 200 people.
Hampton Roads
The $125 million Marriott Virginia Beach Oceanfront opened in June 2020 as part of Gold Key | PHR’s Cavalier Resort, an expansion of the Historic Cavalier Hotel & Beach Club. With 305 guest rooms, 11 meeting rooms and a total of 20,300 square feet of event space, including a ballroom overlooking the Atlantic Ocean, the hotel is a prominent addition to the Oceanfront area. The hotel’s amenities include a business center, boardroom and breakout room. The resort’s outdoor spaces — seven lawns and the beach — have grown in popularity, Gold Key CEO Bruce Thompson says, as have team-building exercises.
“They do everything from different athletic-type events to scavenger hunts to meetings on the lawns to all types of activities,” Thompson says. “We give them little metal detectors and they go out and try to find things on the beach that we plant or coins or something like that.”
Gold Key’s properties — the two hotels at The Cavalier Resort and Hilton Norfolk The Main — offer three conference options, a mixture of in-person and virtual meetings. Both locations require employees to either have proof of vaccination or wear masks.
The six-story Sheraton Reston reopened Aug. 6 after completing renovations to its nine event rooms and 12 breakout rooms that total 18,600 square feet. The largest space can hold 550 people. Additions include a courtyard, a new 1,800-square-foot gym and a media room and studio.
Located 12 miles from Washington Dulles International Airport, the Landsdowne Resort and Spa in Leesburg recently renovated its ballroom and meeting spaces. The resort offers 55,000 square feet of meeting space, including an outdoor pavilion, and leisure activities like golf and spa treatments.
Shenandoah Valley
The 483-room Omni Homestead Resort in Bath County reopened in June 2020 after closing for three months due to the pandemic. One of the state’s oldest businesses, The Homestead has been open since 1766 and was purchased by Omni in 2013. After a couple of years’ delay and following extensive renovations, the hotel’s former Jefferson Pools — now known as the Warm Springs Pools — owned by the Homestead are expected to reopen in late 2022.
The 2,300-acre resort offers 23 meeting rooms with a total of 72,000 square feet, although John Hess, Homestead’s director of marketing and sales, says that its outdoor venues have become more popular in the past year, as have team-building activities. Hotel staff also worked with organizers to host virtual meetings.
Blue Ridge Conference Center at Hotel Roanoke & Conference Center
“It seems that the desire to get out and travel is currently outweighing any fears that are out there of holding a meeting during this pandemic,” Hess says, “but I think that dynamic is starting to shift,” as cases rise due to the coronavirus’ delta variant.
Roanoke/Southwest Virginia
The Hotel Roanoke & Conference Center, part of the Curio Collection by Hilton, completed the $3.6 million renovation of its Pine Room Pub and 1882 Lobby Bar in September 2020. The hotel has 63,000 square feet of meeting space composed of 34 meeting areas and a 14,400-square-foot ballroom. A significant chunk of the budget — $480,000 — went into updated infrastructure and equipment to allow hybrid meetings.
In Bristol, the Nicewonder Inn is expected to open in late fall at the Nicewonder Farm & Vineyards. A 28-room lakefront boutique inn, the property is focused on fine dining (with James Beard-nominated Chef Travis Milton opening a restaurant, Hickory, on premises) and can host 300 or more guests inside or outdoors.
The Nicewonder Inn is expected to open in late fall at the Nicewonder Farm & Vineyards in Bristol.
Southern Virginia
The Bee, a boutique hotel, opened to guests last December in the former Danville Register & Bee newspaper office. The conversion preserved features such as the original wood floors and the spiral staircase that led from the pressroom to the editor’s office. With 47 guest rooms and a rooftop veranda, The Bee offers a mix of old and new in downtown Danville.
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