Shamin Hotels, Inc., the largest hotelier in Virginia, announced today that it plans to invest approximately $125,000,000 in Chesterfield County through multiple projects.

Shamin is currently developing a Residence Inn in Midlothian, Virginia adjacent to Johnston Willis Hospital and it plans to develop a 12-acre site along Interstate 95 and adjacent to its Shamin Park in Chester, Virginia by adding a dual-branded Hampton Inn and Home2Suites along with ancillary retail amenities that will serve its existing six Chester hotels.

Additionally, it plans to develop a destination hotel and conference center at Stonebridge in Midlothian, Virginia. The Stonebridge plan will include an upscale full-service hotel and most notably, a 10,000 square foot conference center. Retail shops, offices, entertainment, and multifamily housing will round out the development. Shamin is also in preliminary discussions with a brewery to be located onsite.

Shamin Hotels chose to invest in Chesterfield County in 1979 when it purchased the Old Stage Motor Lodge in Walthall. Currently, Shamin owns and operates 10 hotels and various other developments throughout the county representing an investment of over $150,000,000 out of its over $1 billion investment in the Commonwealth of Virginia.

“Shamin Hotels entered the Richmond Region 40 years ago with the purchase of a small roadside motel in southern Chesterfield County and we are pleased to announce a new $125,000,000 investment in the county that many of our hard-working associates live in. The Stonebridge re-development of the former Cloverleaf Mall has been a great catalyst for the Midlothian Turnpike corridor and we look forward to providing a mixed-use development that will cater to our growing number of tourists as well provide an upscale environment for the many events that take place in the county,” commented Neil Amin, Chief Executive Officer of Shamin Hotels.

“We are so excited about Shamin Hotels’ planned investments in Chesterfield County. The new hotels, the conference center, and mixed-use project will be tremendous assets and the perfect complement to the Stonebridge development. We greatly appreciate their long-standing and significant commitment to Chesterfield County. Shamin Hotels, Inc. is genuinely a valued corporate partner,” said Leslie Haley, Board of Supervisors, Chair.

With the increase in tourism, particularly sports tourism, as an economic driver for Chesterfield County, this new development, especially the conference center, will enable the county to reap more of the benefits of the visitors coming to the county for tournaments and events.

“The 10,000 SF Conference Center will be a tremendous asset for Chesterfield County and the region,” said Dr. Joe Casey, County Administrator. “The county has long had a need for first class meeting space that can accommodate the types of events that will come to the Greater Richmond Region. With this facility, Chesterfield County will now be able to compete for more of those tourism dollars and have our visitors meeting, playing and staying in the county.”

The project will encompass the last major parcel at Stonebridge, the successful public-private redevelopment of the former Cloverleaf Mall. Stonebridge is home to Kroger Marketplace, one of the company’s largest stores in the mid-Atlantic region; the Elements at Stonebridge, a Boyd Homes’ luxury apartment community; the Shops at Stonebridge and its newest neighbors, Richmond Volleyball Club and Chesterfield County Parks and Rec’s Senior Center.

“The Economic Development Authority is proud to have been able to facilitate this successful redevelopment effort. The new hotel and conference center complex will be the ultimate finish of one of the most successful public-private development partnerships,” said Art Heinz, Chairman of the Chesterfield County Economic Development Authority.

Shamin Hotels based in Chester, Virginia is a dynamic hospitality organization singularly focused on developing experiential hotels, providing superior guest service, producing career growth opportunities for its associates while supporting its communities.

Built on this 40-year foundation, Shamin hotels has become the largest hotel owner in the state of Virginia and is recognized as one of the top 20 hotel owners in the United States.

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Contact:

Economic Development Authority of Chesterfield

Contact: Garrett Hart

Phone: (804) 318-8550

Email: HartGA@chesterfield.gov

Shamin Hotels, Inc.

Contact: Craig Stechman

Phone: 804-777-9000 x123

Email: Craig.Stechman@shaminhotels.com