July 13, 2010
Virginia's Kingsmill Resort is getting a new owner.
Busch Properties announced on Monday that it has reached a deal to sell the Williamsburg resort to Denver-based Xanterra Parks & Resorts. The sale is expected to be completed by August. Terms of the deal weren't disclosed.
The deal includes Kingsmill's 422 rooms, a spa, six restaurants, a tennis center, a marina and three golf courses.
Busch Properties is a business unit of St. Louis-based Anheuser-Busch. It has been marketing the Kingsmill Resort since last September.
Xanterra is known primarily for operating concessions at national parks. It is a subsidiary of The Anschutz Company, a holding company started by Denver billionaire Philip Anschutz.
The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we only ask that you use your best judgment. E-mail is required, but will not be displayed with comment.
As a host Newsplex.com welcomes a wide spectrum of opinions. However this is a site that we host. We have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason The Newsplex reserves the right to not post or to remove any comment.
If you have any ideas to improve the conversation or this section let us know. Send an e-mail to firstname.lastname@example.org.
powered by Disqus