LTD HospitalityNeel Desai, Managing Principal of LTD Hospitality Group, is pleased to announce that LTD has closed on the purchase of the Magnuson Hotel in Newport News, Virginia. The hotel is located off of Interstate 64 at the gateway to City Center.  LTD plans to immediately close and fully restore the 183 guestrooms, lobby, restaurant, and more than 10,000 square feet of meeting space, and re-open by the end of 2017 as a fullservice Holiday Inn hotel. 

“The renovation plans incorporate IACC design standards that adhere to a set of quality standards in physical meeting room design, food & beverage and service,” said Desai. “The IACC designation coupled with the recognizable Holiday Inn brand flag will give meeting planners complete confidence to book their next meeting in Newport News, knowing the venue and staff are focused on delivering exceptional meeting experiences.” The IACC is the only global professional association which represents small to medium-sized venues focused on meetings, training courses and conference-related standards.

The planned conversion will feature the Holiday Inn brand’s newest guestroom design, which was created to better meet the changing needs of the contemporary traveler. The new flexible design allows guests to work or relax wherever and however they want and truly make the space their own.

Chris Drazba, Vice President, Development, The Americas, IHG said, “We are pleased to work with Neel Desai and LTD Hospitality Group on the addition of this new Holiday Inn property to the Newport News area. We look forward to working with the LTD team to bring our signature new design solution to life, which aims to create a more welcoming environment for business travelers and families.”