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Feb 22, 2023 · In 2013, a group of investors led by Thompson bought the hotel for $35.1 million. Initially, the price to renovate the historic hotel was estimated to be $50 million. When it reopened in 2018,...
- Brett Hall
Mar 29, 2018 · After nearly five years and $81 million in renovations, the historic Virginia Beach hotel officially reopened March 7. “It could have had 3,200 units on it,” Thompson, CEO of Gold Key| PHR, a Virginia Beach-based hospitality company, told a large gathering that attended the property’s ribbon-cutting celebration.
Sep 7, 2018 · virginia beach Developer Bruce Thompson has sold the 31st Street Hilton, his signature hotel at the Oceanfront that put him on the map and raised the status of the resort area.
Feb 17, 2023 · In 2013, Cavalier Associates, an investment firm headed up by Thompson, bought the historic Cavalier Hotel on the hill and its related Oceanfront property for $35 million.
Sep 19, 2018 · VIRGINIA BEACH — Local developer Bruce Thompson has sold two prominent Oceanfront hotels to Richmond-based company Shamin Hotels, according to filed deeds of sale. Thompson’s development...
On what had been vacant land north of the hotel, the owners constructed a housing development. [6] In 2015, they demolished the Cavalier Oceanfront Hotel, across Atlantic Avenue, and began constructing a new hotel, scheduled to open in 2020. They also have plans for a third hotel in the complex. [7] [8]
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Thompson’s ventures own and operate an array of premium hotels and resorts, including the Cavalier Hotel and the $125 million Marriott Virginia Beach Oceanfront. Thompson’s net worth is estimated at $200 billion, and he is an active philanthropist, supporting ALS research.
