LINGERFELT COMMONWEALTH BUYS RICHMOND MARRIOTT WEST

RICHMOND, VA. — Lingerfelt CommonWealth Partners has acquired Richmond Marriott West, a 242-room hotel located in Richmond’s affluent Glen Allen suburb. The hotel is part of Innsbrook Corporate Center, a mixed-use park with more than 8 million square feet of office space, stores, restaurants and multifamily housing. Lingerfelt’s affiliate, CommonWealth Lodging, will manage the hotel and oversee its multi-million renovation, which will wrap up by summer 2015. The hotel will remain open during the planned renovations. Lingerfelt, which is headquartered in the Innsbrook Corporate Center, owns roughly 1 million square feet of office space in close proximity to the hotel.