Hunter Advisors is pleased to offer a fully branded oceanfront hotel in one of the East Coast's most accessible and resilient beach markets.
Prime Oceanfront Location:
- Directly on the Virginia Beach Boardwalk with unobstructed Atlantic views
- High-visibility corner surrounded by dining, entertainment, and year-round attractions
- Within a one-day drive of more than 72 million people, fueling consistent leisure demand
Full-Service, Flagged Asset:
- Operates under the globally recognized Sheraton brand
- Strong loyalty contribution from Marriott Bonvoy
- Balanced mix of leisure, group, and business travel
Market Strength & Stability
- One of the most resilient U.S. hotel markets during COVID, supported by military, healthcare, and drive-to beachfront demand
- High-barrier-to-entry coastal market with limited future oceanfront development
Major Demand Generators
- Atlantic Park Surf - first WaveGarden Cove Surf Lagoon in North America opened in August 2025
- The Dome by Tutter Mills - 5,000 seat oceanfront venue for live entertainment opened in May 2025
- ViBe Creative District - expanding hub for arts, culture, and local businesses
- Virginia Aquarium & Marine Science Center — one of the region's top attractions
Renovation & Upside Opportunity
- $8.5M renovation in 2025 (~$38K per key) expected to elevate product quality and rate positioning
- 2026 poised for significant revenue and NOl growth with renovations complete, no disruption, and new demand drivers coming online
- Additional value-add opportunities to further enhance ADR and RevPAR
Why This Asset Stands Out
- Irreplaceable oceanfront real estate with brand pedigree and scale
- Strong year-round demand fundamentals and peak-season upside
- Positioned for long-term growth in a strengthening, experience-driven coastal market
