{"id":1004079679,"date":"2013-07-03T16:01:38","date_gmt":"2013-07-04T00:01:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=145013"},"modified":"2020-05-11T21:53:35","modified_gmt":"2020-05-12T05:53:35","slug":"shamin-acquires-237-key-holiday-inn-in-richmond-rebrands-it-as-doubletree","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/shamin-acquires-237-key-holiday-inn-in-richmond-rebrands-it-as-doubletree\/","title":{"rendered":"Shamin Acquires 237-Key Holiday Inn in Richmond, Rebrands It as DoubleTree"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

Shamin Hotels \"\"<\/a>has added another property to its portfolio. On July 1, the Chester-based company closed on the acquisition of Holiday Inn Koger Conference Center<\/a><\/em>. Following its acquisition, the property was rebranded the DoubleTree by Hilton Richmond-Midlothian.<\/p>\n

Chester-based Shamin acquired the property from Midlothian Hotel Associates, a company controlled by developer Vernon Laprade, who opened the hotel in 1987. The purchase price was not disclosed but Chesterfield County records<\/em><\/a> place the property\u2019s value at about $13 million.<\/p>\n

Located on a 5.3-acre site at 1021 Koger Center Blvd., the DoubleTree by Hilton Richmond-Midlothian is the largest hotel in Chesterfield County. It is undergoing a $6.5 million upgrade that is expected to be completed by the end of the year.<\/p>\n

The hotel features more than 26,000 square feet of flexible meeting space, a business center, and two ballrooms capable of seating up to 1,100 people. Other amenities include a fitness center, same-day dry cleaning, complimentary shuttle service within a five-mile radius, a full-service restaurant, and free Wi-Fi.<\/p>\n

Richmond International Airport is located 18 miles from the hotel and Chesterfield County Airport is within 11 miles. A variety of restaurants and attractions are nearby.<\/p>\n

Chester-based Shamin Hotels<\/em><\/a> owns 38 properties comprising 4,000 guest rooms and 70,000 square feet of meeting space; 28 of those assets are located in the Richmond area.<\/p>\n

Photo: Doubletree by Hilton<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":1269,"featured_media":1004505828,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36153],"tags":[3452,1605],"class_list":["post-1004079679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-richmond-hampton-roads","tag-richmond","tag-richmond-hampton-roads"],"acf":[],"yoast_head":"\nShamin Acquires 237-Key Holiday Inn in Richmond, Rebrands It as DoubleTree - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/shamin-acquires-237-key-holiday-inn-in-richmond-rebrands-it-as-doubletree\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shamin Acquires 237-Key Holiday Inn in Richmond, Rebrands It as DoubleTree\" \/>\n<meta property=\"og:description\" content=\"Shamin Hotels, one of the largest hotel owners in the Richmond area, has added another hotel to its growing portfolio. 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