Interstate joint venture acquires Williamsburg, Va., conference hotel

Interstate Hotels & Resorts has formed its fourth joint venture with Waramaug Hospitality and a private investment group to acquire the 295-room Williamsburg Hotel & Conference Center. The hotel will immediately undergo a $7.5-million renovation and convert to the DoubleTree by Hilton brand. Interstate will manage the hotel under a long-term contract. The sale price was not disclosed. Located on 15 wooded acres within the Busch Corporate Center in Williamsburg, the hotel is the closest hotel to Busch Gardens and within minutes of Colonial Williamsburg and William & Mary. The hotel has 45,000 square feet of meeting space.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.