A Los Angeles firm acquired a portfolio of hotels along the Virginia and North Carolina beachfronts as it commits to a region it sees as supply-constrained but possessing consistent tourism demand.
Ascendant Capital grabs Southeast beachfront hotel portfolio
Deal across Virginia, North Carolina expands its footprint in supply-constrained markets
CoStar News
July 15, 2026 | 8:16 P.M.
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IN THIS ARTICLE
- Properties
- Residence Inn Virginia Beach Town Center
221 Bendix Rd, Virginia Beach, VA
- Holiday Inn Express Kitty Hawk - Outer Banks
3915 Croatan Hwy, Kitty Hawk, NC
- Holiday Inn Virginia Beach – Oceanside
2101 Atlantic Ave, Virginia Beach, VA
- Residence Inn by Marriott Virginia Beach
3217 Atlantic Ave, Virginia Beach, VA
- Fairfield Inn & Suites VB Oceanfront
1901 Atlantic Ave, Virginia Beach, VA
- Companies
- Ascendant Capital Partners
Real Estate
- Coastal Hospitality
Management of Companies and Enterprises
- Schulte Hospitality Group, Inc.
Accommodation and Food Services