Richmond-Hampton Roads
Shamin Hotels Buys 700 Building for $7M; Plans to Plant 2 Hilton Flags
By Adrian Maties, Associate Editor The 18-story office building at 700 East Main St. in Richmond’s central business district has experienced hard times in recent years, but it about to get a new lease on life. Shamin Hotels, the Richmond region’s largest hospitality operator, has acquired the 181,000-square-foot building for $7 million and plans to […]
Clayco Breaks Ground on $110M Downtown Office Project
The Richmond office market further stabilized during the first half of the year across all submarkets and experienced a decrease in vacancy rates to 13.6%, according to a report by CBRE. Good news for the city of Richmond and great news for developers such as Clayco, who officially started construction earlier this month on Gateway Plaza, Richmond’s newest high-rise office building. The groundbreaking ceremony was attended by both Clayco and city officials.
Shamin Acquires 237-Key Holiday Inn in Richmond, Rebrands It as DoubleTree
Shamin Hotels, one of the largest hotel owners in the Richmond area, has added another hotel to its growing portfolio. In a deal finalized on July 1st, Shamin Hotels has purchased the 237-room Holiday Inn Koger Conference Center. Following the acquisition, the property was rebranded as a Doubletree by Hilton hotel.