Shamin Acquires 237-Key Holiday Inn in Richmond, Rebrands It as DoubleTree
- Jul 04, 2013
Shamin Hotels has added another property to its portfolio. On July 1, the Chester-based company closed on the acquisition of Holiday Inn Koger Conference Center. Following its acquisition, the property was rebranded the DoubleTree by Hilton Richmond-Midlothian.
Chester-based Shamin acquired the property from Midlothian Hotel Associates, a company controlled by developer Vernon Laprade, who opened the hotel in 1987. The purchase price was not disclosed but Chesterfield County records place the property’s value at about $13 million.
Located on a 5.3-acre site at 1021 Koger Center Blvd., the DoubleTree by Hilton Richmond-Midlothian is the largest hotel in Chesterfield County. It is undergoing a $6.5 million upgrade that is expected to be completed by the end of the year.
The hotel features more than 26,000 square feet of flexible meeting space, a business center, and two ballrooms capable of seating up to 1,100 people. Other amenities include a fitness center, same-day dry cleaning, complimentary shuttle service within a five-mile radius, a full-service restaurant, and free Wi-Fi.
Richmond International Airport is located 18 miles from the hotel and Chesterfield County Airport is within 11 miles. A variety of restaurants and attractions are nearby.
Chester-based Shamin Hotels owns 38 properties comprising 4,000 guest rooms and 70,000 square feet of meeting space; 28 of those assets are located in the Richmond area.
Photo: Doubletree by Hilton