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Kitty Hawk, NC – Coastal Hospitality Associates, LLC (“Coastal Hospitality”) today announced the purchase of the 98-room Baymont by Wyndham Kitty Hawk in Kitty Hawk, North Carolina. The transaction finalized on Wednesday, January 5, 2022.
Coastal Hospitality, a Virginia Beach, VA based hotel management and development company, will also assume daily management of the hotel, with immediate plans for a light guestroom refreshment over the next few months, in time for the busy spring and summer tourist season.
Beginning in the 4th quarter of 2022, the hotel will temporarily close to undergo an extensive, multi-million dollar renovation and conversion to a Holiday Inn Express. Holiday Inn Express, part of IHG Hotels & Resorts, is one of the world’s largest and most recognizable brands with over 3000 properties worldwide. Reopening in early 2023, the Holiday Inn Express Kitty Hawk will feature a complimentary hot breakfast, outdoor pool, exercise room, free-to-guest laundry, and complimentary golf cart transportation to and from the beach for guests who prefer not to walk.
“We are thrilled for this new addition to our portfolio of hotels, and we very much look forward to the repositioning of this hotel to the Holiday Inn Express brand. The Outer Banks market has shown tremendous growth over the past decade and has proven uniquely robust despite the current COVID-19 challenges” says Chris Brown, President of Coastal Hospitality.
Coastal Hospitality also owns and operates the 100-room Holiday Inn Express Nags Head Oceanfront, located only 10 miles south in Nags Head, NC. Originally the Nags Head Inn, the hotel was purchased by Coastal in late 2015 and underwent a similar conversion to the Holiday Inn Express brand.
About Baymont by Wyndham Kitty Hawk Outer Banks:
Baymont by Wyndham Kitty Hawk Outer Banks is located at 3919 North Croatan Highway, Kitty Hawk, North Carolina. The 98-room hotel, built in 1987, is situated on almost 5 acres of property and located just a short walk from the oceanfront.
About Coastal Hospitality Associates:
Coastal Hospitality, headquartered in Virginia Beach, VA, is a full-service hotel management and development company with more than 40 years of experience developing and operating hotels with leading hotel brands. Coastal has developed, owned, and operated dozens of properties across Virginia and North Carolina, with a primary focus on oceanfront destinations. Coastal’s current portfolio includes nine hotels, with seven located in Virginia Beach and two in the Outer Banks of North Carolina. Coastal Hospitality was founded by Thomas J. Lyons, Jr. and continues to be owned and operated by the Lyons family.
These annual awards recognize and honor the achievements of Marriott’s best team members, strongest managers and top-performing hotels. Awards are based on financial performance, guest satisfaction, quality assurance results, and nominations received from General Managers, management company representatives and other above-property staff. We are so proud to announce that the Coastal Hospitality Associates’ Residence Inn Virginia Beach Town Center received 2 awards.
Opening Hotel of the Year 2019 –
Residence Inn Virginia Beach Town Center opened in April of 2019 and exemplifies hotel leadership, financial management, overcoming obstacles, sales leadership, service leadership, community service, with hotel’s opening performance (RevPAR Index, Occ, GSS) and opening “readiness” also being considered.
Sales Ramp Up Award 2019-
Awarded to the best opening Residence Inn hotel based on sales and marketing goal attainment in its first 3 months and first 6 months. Goal attainment is how quickly a hotel reaches high occupancy and RevPAR index goals through executing its pre-opening marketing game plan.
“Coastal Hospitality is thrilled to bring Residence Inn by Marriott, the nation’s leading extended-stay hotel, to the Virginia Beach Town Center area.” says Russell Lyons, Coastal Hospitality Associates’s area Director of Operations. “The 120 rooms, which are all suites, have all the features a business traveler wants and will be an excellent complement to the thriving Virginia BeachTown Center market.”
Residence Inn Virginia Beach Town Center opened in April of 2019. The 100,000- square-foot building is conveniently located on a two-acre site at 221 Bendix Road, Virginia Beach, in the heart of Town Center. Residence Inn Virginia Beach Town Center features 120 extended-stay rooms and a 950 square foot event space.
VIRGINIA BEACH, Va. – Coastal Hospitality Associates will be building a new hotel in Virginia Beach Town Center.
“Coastal Hospitality is thrilled to bring Residence Inn by Marriott, the nation’s leading extended-stay hotel, to the Town Center area,” says Russell Lyons, area director of operations. “The 120 rooms, which are all suites, have all the features a business traveler wants and will be an excellent complement to the thriving Town Center market. We are pleased to use the entirety of this grant to invest in new public streetscapes, lighting and sidewalks that the city has requested.”
The Virginia Beach Development Authority has awarded this project an Economic Development Investment Program grant.This grant is in the amount of $200,000, and is based on the $24 million capital investment towards the project.The investment includes $23.5 million in real estate and $500,000 in furniture, fixtures & equipment. The grant will be used to offset costs to enhance the streetscape to align with Town Center standards.
“This is a substantial investment in Town Center and adds another high-quality project to this thriving area,” said Virginia Beach Economic Development Director Warren Harris. “We thank Coastal Hospitality for their continued investment and confidence in Virginia Beach.”
The 100,000-square-foot building will be located on a two-acre site at 221 Bendix road, Virginia Beach, VA 23452. Residence Inn Virginia Beach Town Center will feature 120 rooms and is planned to open in Spring 2019.
13 News featured the announcement of the new Residence Inn Virginia Beach Town Center hotel. The video provides a closer look at the vision to build up the Virginia Beach Town Center area.
Coastal Hospitality Associates, LLC
Virginia Beach, VA 23451