Paceline Equity Partners completed the acquisition of Delta Hotel Virginia Beach Bayfront Suites.

Paceline Equity Partners, a private equity company, completed the acquisition of Delta Hotel Virginia Beach Bayfront Suites, a full-service, all-suite hotel located on the northern coast of Virginia Beach. Financial terms were not disclosed. “The Delta Hotel Virginia Beach Bayfront Suites represents our first full-service hospitality investment in a dominant drive-to-leisure market and eighth hotel in our expanding real estate portfolio. The hotel quickly experienced strong bookings upon completion of the recent renovation and conversion, demonstrating how well-positioned the property is to capitalize on continued consumer demand for leisure travel in the mid-Atlantic,” Sam Loughlin, Paceline Chief Executive Officer.