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Hotel Roanoke Gets Major Ownership Shift | Roanoke News

Hotel Roanoke Gets Major Ownership Shift | Roanoke News

Published 1 week, 5 days ago
Description

Hotel Roanoke is set for a major shift as the Virginia Tech Foundation snaps up the conference center for $14 million—putting them in charge of the entire property. This strategic move bundles the hotel and conference center into one attractive asset, boosting appeal to future buyers. Mayor Joe Cobb sees it as a golden opportunity, highlighting Roanoke’s deep ties to Virginia Tech and the city’s vibrant growth. Most of the sale proceeds will return to Roanoke, and the conference center commission will soon dissolve once their mission is complete, with the full property sale expected to follow by October.

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