Paceline Equity Partners, a private equity manager, has bought the Delta Hotel Virginia Beach Bayfront Suites, a full-service hotel located on the northern coast of Virginia Beach.

The 295-room hotel has 12,000 square feet of space and is the only hotel in the area which operates its own beachfront.

“The Delta Hotel Virginia Beach Bayfront Suites represents our first full-service hospitality investment in a dominant drive-to-leisure market and eighth hotel in our expanding real estate portfolio. The hotel quickly experienced strong bookings upon completion of the recent renovation and conversion, demonstrating how well-positioned the property is to capitalize on continued consumer demand for leisure travel in the mid-Atlantic,” said Sam Loughlin, CEO of Paceline.