Donohoe Hotel Brokerage Group Announces Sale of Fredericksburg Hospitality House & Conference Center
November 16, 2020
Donohoe Hotel Brokerage announced the sale of the Fredericksburg Hospitality House & Conference Center in Fredericksburg, Virginia, to the buyer d/b/a 2801 Plank Road LLC. Charlotte Seale was the broker representing the seller, Virginia Landmark Hotels LLC., a private REIT based in Texas that currently owns and operates hotels in Texas and Kentucky. This hotel was the seller’s last remaining asset in the DC area.
The 194-room hotel, now known as the Clarion Hotel & Suites Convention Center, is situated on eight acres and well-located within the Central Park Center, the largest shopping center on the east coast with over 200 retail stores, a corporate center with office spaces, and a 120,000 square-foot Expo Center that is home to the Fredericksburg Nationals minor league baseball team.
The buyer will be upgrading the guestrooms to meet the Choice brand standards and making other exciting improvements to the property that will further elevate the guest experience. We are pleased that we were able to achieve the goals for seller and to work with buyer as they continue to build out their portfolio.