Virginia Business

By Paula C. Squires

Shamin Hotels, one of Central Virginia’s largest hotel operators, has purchased the 249-room Renaissance Portsmouth Norfolk Waterfront Hotel for $9.2 million. The transaction with seller Ashford Hospitality Trust closed on Feb. 1, said Neil Amin, CEO of Shamin Hotels.

The purchase brings Shamin’s Hampton Roads portfolio to seven hotels. Altogether the company, based in Chesterfield County, owns 49 properties, with most of them in Virginia.