Wheelock Street Capital and HEI Hotels Acquire The Cavalier Resort in Virginia Beach, Featuring 547 Rooms Across Three Properties
🏖️ Wheelock Street Capital acquired The Cavalier Resort in Virginia Beach, Virginia, partnering with HEI Hotels & Resorts. The resort features three properties: The Cavalier Hotel (built in 1927, renovated in 2018), Marriott Virginia Beach Oceanfront Resort (opened 2020), and Embassy Suites Virginia Beach Oceanfront Resort (opened 2023). Covering 15 acres, it includes 547 rooms, nine restaurants, a beach club, six pools, and a spa. Gold Key invested $85 million in restoring the Historic Cavalier.
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