Williamsburg Hotel and Conference Center Sold for $12 million.
Interstate Hotels & Resorts and Waramaug Hospitality LLC, an Arlington-based investment firm, recently bought the Williamsburg Hotel and Conference Center for $12 million, according to the Williamsburg-Yorktown Daily. The firm has plans to renovate and convert it into a DoubleTree, an upscale Hilton hotel chain. The property, located near Busch Gardens and Kingsmill, has changed hands three times in the last nine years, the value decreasing each time; it sold for $23 million in 2003.
Read the full article here: http://www.wydaily.com/local-news/9869-former-williamsburg-marriott-sold-for-12m.html