Coastal Hospitality Associates bought the 100-room hotel in December from John Norkus of Houston, Texas and has begun renovations to its interior.
The group owns seven hotels on the Virginia Beach oceanfront, according to company spokesman Russell Lyons. It previously owned the Comfort Suites in Buxton and converted the Holiday Inn Express in Hatteras Village into the Villas at Hatteras Landing in the mid-2000s.
“We’re excited to be in the Outer Banks market again with this new ownership,” Lyons said.
Norkus was one of the original developers and owners of the inn, built in 1988 on more than 4 acres of oceanfront along S. Virginia Dare Trail. The hotel’s webpage cites it as the only Outer Banks hotel that features that amount of acreage on the ocean.
Norkus could not be reached for comment, but Lyons said the developer had “quite a love of the Outer Banks.”
Under Coastal Hospitality Associates, the hotel rooms and all the public spaces inside the building will undergo a full renovation. A fitness center and laundry area will also be added.
Exterior renovations will include some minor architectural changes and the installation of signage to reflect the Holiday Inn Express brand. Lyons said the exterior changes will be “very tasteful, using neutral colors.”
“The exterior will be very similar to what it is now and we are very conscious of the look of the Nags Head community and the changes will reflect that,” Lyons said, adding that all changes will be conservative in nature.
Lyons added that a majority of the furnishings from the hotel were donated to the South Hampton Roads division of Habitat for Humanity.
The company declined disclosing the sale price, but according to Dare County tax records, the property and building are valued at $6.8 million.
In the past, the hotel has traditionally closed after Thanksgiving and re-opened after the new year.
The hotel’s longtime general manager, Sue Hogan, will continue in that position, and Lyons said his company is encouraging former employees to apply again. A job fair to staff the hotel will be held in the next few months.
All the necessary permits have been obtained for the work, according to Nags Head Deputy Town Manager Andy Garman.
source: Michelle Wagner, Outer Banks Voice