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Wheelock lines up financing for Virginia Beach’s largest hotel portfolio deal

Investor lands $349 million CMBS loan to help complete three-property acquisition
The 85-room Historic Cavalier and Beach Club, Autograph Collection in Virginia Beach, Virginia, is one of three hotels set to be acquired. (CoStar)
The 85-room Historic Cavalier and Beach Club, Autograph Collection in Virginia Beach, Virginia, is one of three hotels set to be acquired. (CoStar)

Wheelock Street Capital has lined up $250 million in financing to acquire a trio of luxury oceanfront resort hotels in Virginia Beach, Virginia.

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