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Ascendant Capital Partners Acquires Virginia Hotel Portfolio
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Ascendant Capital Partners Acquires Virginia Hotel Portfolio
Ascendant Capital Partners has acquired an eight-hotel portfolio from Coastal Hospitality Associates, LLC. The Portfolio comprises 965 predominantly beachfront rooms across six hotels in Virginia Beach and two hotels in the Outer Banks. Ascendant will seek to implement targeted capital and operational enhancements across the portfolio, while Schulte Hospitality Group will assume operations. The portfolio consists of SpringHill Suites by Marriott…
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