LTD HOSPITALITY GROUP has assumed management of the 127-room Element Hotel by Westin Hampton in Hampton, Virginia. LTD Hospitality of Virginia Beach, Virginia, is led by Neel Desai, the company’s managing principal.
The Element, a Marriott International brand, features a ground-level, indoor-outdoor cafe as well as a rooftop terrace event space and saltwater pool. The hotel’s 12 different styles of guest rooms have fully equipped kitchens. It is in the Peninsula Town Center area of Hampton.
“LTD’s proficiency in operating Marriott’s extended stay and premier brands makes the marriage between LTD and the Element by Westin – Hampton a perfect union,” Desai said.
The upscale extended-stay hotel was completed last year at the site of a former Macy’s department store, according to The Daily Press newspaper in Newport News, Virginia.
The city chose the hotel brand and its Economic Development Authority committed up to $2.1 million in grant funding for the project. The area is experiencing a surge in luxury hotels and rebrandings, according to the Daily Press quoting local realtor Edward Denton.
Local hoteliers are expecting a 2 to 5 percent increase in revenues this year, Denton said, and RevPaR in the Hampton-Newport News is up 6.8 percent.
“Hoteliers are feeling good about where we are in the market right now,” Denton said.
Last week, LTD Hospitality announced that Kimberly Schlick is now its chief operating officer and Alexander Lombardo is the company’s new chief financial officer.