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VIRGINIA BEACH, Va. - The Cavalier project could soon be getting bigger. The developer is asking to build a third hotel at the Oceanfront site.
The Virginia Beach Development Authority approved the proposal on Tuesday morning, a city spokesperson said. City council members will be briefed on the proposal on Tuesday afternoon.
In a letter, the developer, Cavalier Associates, LLC, says they want to build an Embassy Suites at the site. The hotel would include a conference center, something the developer says is missing at that part of the Oceanfront.
City council members approved the project to renovate the historic Cavalier Hotel in 2013. A Marriott will also be built across the street, as well as residential homes.
In order to pay for the third hotel, there is a funding gap of $6.5 million, according to a presentation from the city manager. The city would chip in $2.17 million under the plan. The money would come from sales taxes generated by the project itself, according to a city spokesperson.
City council will vote on the plan next month.
