VIRGINIA BEACH, Va.
Mayor Will Sessoms has stated that the financial deal for the proposed $109 million convention center hotel is not a good deal for the city.
"After talking with council during deliberations...the deal that is on the table won't fly," Sessoms told a local television network. He does still want a headquarters hotel to be built, it seems, but doesn’t feel the right deal has been presented just yet. "The door to a headquarters hotel needs to be kept open,” he said in a letter to City Council , “but we must work toward a proposal that provides a win-win for Virginia Beach.”
The proposed Hyatt Regency Convention Center Hotel was going to be next to the Virginia Beach Convention Center.
The least expensive cost to taxpayers would likely be expanding the Double Tree Hotel—also next to the Convention Center--but Sessoms said he can't support that. “A Double Tree to a Hyatt Regency is not comparing apples to apples when comparing quality of the product," Sessoms explained.
