REBusinessOnline

RICHMOND AIRPORT HOTEL CHANGES HANDS

RICHMOND, VA. — RMS Airport Hotel, an affiliate of Sandhu Management & Investments, has purchased the 155-room Wyndham Richmond Airport from BRE/Richmond Airport, an affiliate of the New York City-based Blackstone Group, for $7.5 million. Tom Hamm and David Butchello of Sperry Van Ness represented both parties in the transaction. The hotel includes a bar and grill, an indoor pool and Jacuzzi and 7,000 square feet of office and banquet space. The buyers are planning a $3 million renovation.

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