Acquired in 2024 for $28.6m, the 183-room Holiday Inn Newport News was the company’s first outside purchase into Caliber Hospitality Trust. Set adjacent to City Center in Newport News, Virginia, this property incurred a complete redesign and conversion into a Holiday Inn in 2018 at an expense of roughly $15.7 million.

With amenities including an on-site restaurant and bar, a top-of-the-class fitness center, a saltwater-treated indoor pool, and ten meeting rooms boasting over 11,000 square feet of event space, the Holiday Inn is one of the more expansive full-service assets within the Hampton Roads vicinity.

Located nearby is Joint Base Langley-Eustis, along with several other defense installations and corporate offices. And with convenient access to I-64 connecting Colonial Williamsburg with Virginia Beach, the Holiday Inn not only caters to government personnel but also leisure clientele.

This asset is owned by Caliber Hospitality Trust, Inc.