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Richmond marketing Diamond property for redevelopment
The city of Richmond announced Monday it is marketing the 66.7-acre Diamond baseball stadium property as an area for redevelopment, which likely would include a new stadium for the Richmond Flying Squirrels baseball team. A new website will be launched soon, preceding a “request for interest” released before the end [...]
Omni Homestead launches $120M renovation
The Omni Homestead Resort has started work on a property-wide revamp expected to cost $120 million, the resort hotel in Bath County announced Monday. Some renovation work will begin late this month, and an event pavilion will be added to the hotel, which opened in 1766. The Homestead project is likely to be the largest […[...]
Rolling with the punches
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[...]
Back to the beach
After a strong summer comeback, the Hampton Roads tourism industry is facing uncertainty once again as the COVID-19 pandemic lingers. This summer, Virginia Beach hotels saw slightly higher occupancy rates than in 2019 — a welcome return to normalcy. But an autumn and winter of hospitality industry revenue declines related to e[...]
Virginia’s largest conference hotels
Related: Despite pandemic, hotels press forward Meeting planners roll with the punches
Be our guest
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[...]
Alpine-X opens crowdfunding campaign to public investors
Alpine-X LLC, a McLean-based indoor snow sports company, announced a crowdfunding campaign to open the stock to public investors. The offering — started on crowdfunding site Republic — allows accredited and non-accredited investors to own a piece of the McLean-based company that is planning a national chain of indoor ski res[...]
Danville casino price tag now set at $500M
Danville’s forthcoming Caesars Virginia casino and resort is going to be bigger than expected, with the project expected to cost $500 million, $100 million more than previously estimated. Caesars Entertainment released new renderings and more details Thursday for the casino. Part of the additional cost will go toward a lar[...]
Va. hotels expect $1.5B loss in 2021 biz travel
The Virginia hotel industry expects to take a $1.5 billion loss this year stemming from sharply reduced business travel — 63.5% below pre-pandemic revenue levels, according to projections released Wednesday by the American Hotel & Lodging Association. Business travel is expected to generate about $864.5 million for hotels [...]
Pamunkey Tribe names W.M. Jordan, Suffolk as Norfolk casino builders
Newport News-based construction company W.M. Jordan Co. will team up with a national firm, Suffolk, to build Norfolk’s $500 million HeadWaters Resort & Casino project on the Elizabeth River, according to a Friday announcement from the Pamunkey Indian Tribe, the casino’s operator. Suffolk, which earns $4 billion i[...]
Bland County’s Eupepsia resort tops wellness hotel ranking
Eupepsia, a 250-acre Ayurveda wellness retreat in Bland County, was named the top wellness hotel in the nation this week by USA Today readers, who chose the resort from nominees selected by editors of USA Today’s 10Best rankings section. Set near the Jefferson National Forest and the Blue Ridge Mountains, Eupepsia offers v[...]
Virginia hotel revenues still down, compared to 2019
Virginia hotel revenues for July 2021 decreased by 3% compared with pre-pandemic levels in July 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel [...]
