Marriott Williamsburg Gets New Owner

WILLIAMSBURG, VA-The papers have been signed and ownership of the property, the Marriott Williamsburg, has been delivered to Columbia Sussex. The Ft. Mitchell, KY-headquartered hotel developer and operator acquired the 295-room property as part of a $60-million package deal involving two other hotels. The Williamsburg hotel, built in 1986, has a 2003 assessed value of $16 million. Host Marriott bought the hospitality destination for its portfolio from Equitable Life Assurance in 1994 for $14 million.

Carrying the address of 50 Kingsmill Rd., the Williamsburg Marriott sits in a prime location adjacent to Busch Gardens and just a few miles from popular tourist destinations Colonial Williamsburg and Water Country USA. In addition to its guest rooms and suites, the six-story hotel also features the largest conference center in the area at 60,000 sf. For Columbia Sussex, Marriott Williamsburg increases the company’s presence in the Richmond, VA area to three hotels.