Affiliates of Paceline Equity Partners Acquire Hotel in Virginia Beach USA.

MANews-(C)2009-2022

Affiliates of Dallas, US-based private equity manager Paceline Equity Partners, LLC have acquired the Delta Hotel Virginia Beach Bayfront Suites, a full-service, all-suite hotel located on the northern coast of Virginia Beach, Virginia, the company said.

The property is located less than 10 miles from the heart of Virginia Beach and Atlantic Ave.

The acquisition will be Paceline's second strategic partnership with BlackPearl Capital, a group with significant hospitality investing and operating experience.

The Delta Hotel Virginia Beach Bayfront Suites was built in 1986 and most recently underwent a comprehensive renovation, conversion and rebranding that was completed in 2021.

The 295-room all-suite hotel features 12,000 square feet of meeting space and is the only hotel in the area which owns and can operate...

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