BETHESDA, MD Crestline Capital Corp. has opened the $48 million, 250-room Renaissance Portsmouth Hotel and Waterfront Conference Center in Portsmouth, VA. Crestline Capital owns 67% of the property and Crestline Hotels & Resorts, its management subsidiary, manges both the hotel and conference center through a long-term management contract.
The hotel and conference center was developed by Stormont Trice Development Corp. of Atlanta. The property is a public/private partnership between the City of Portsmouth and a private ownership group consisting of Crestline Capital and the principals of Stormont Trice Development Corp. (1/11/01)