Harvey, Hanna & Associates, Inc. has purchased the Crosswinds Motel at 312 Rehoboth Ave. in Rehoboth Beach. Terms were not disclosed.
The 23-room Crosswinds Motel opened in 1998. Harvey Hanna will renovate the property. It’s the second project in Rehoboth for Harvey Hanna, which did a makeover of the former Sand Castle Motel, now a boutique hotel branded as Coast Rehoboth Beach, Tapestry Collection by Hilton.
“We are thrilled to add Crosswinds to our growing portfolio of hospitality destinations,” said Thomas J. Hanna, CEO of Harvey Hanna & Associates Inc. “This charming beach resort property holds a special place in the hearts of locals and visitors alike.”
Crosswinds will be operated by TKo Hospitality Management, an affiliate of Harvey Hanna. With the addition of Crosswinds, hospitality properties will operate under the TKo umbrella, which includes Hyatt Place Dewey Beach, Hyatt House Lewes Rehoboth Beach, Hyatt Place Kent Narrows & Marina, and the Rehoboth properties.
“We are proud to work with Harvey, Hanna & Associates and continue expanding our hotel portfolio throughout the Delmarva peninsula,” said President Vince DiFonzo of TKo Hospitality. “This is a great property with a positive reputation in the marketplace. Adding a customized operations strategy to this property will create an unforgettable experience that celebrates the essence of Rehoboth Beach while offering modern comforts and conveniences.” TKo currently operates 16 hotels throughout the Mid-Atlantic region with additional hotels in development.
Rehoboth is seeing a hotel boom fueled by new properties and renovations of exiting sites.
Harvey Hanna, a real estate development company, is based in Newport.
