Xanterra Parks & Resorts Purchases And Assumes Management Of Kingsmill Resort In Williamsburg, Va

Effective August 1, 2010, Xanterra Parks & Resorts, owned by Denver-based Anschutz Company, has purchased and assumed management of Kingsmill Resort. Xanterra purchased the resort from Busch Properties, Inc. (BPI).

Located in Williamsburg, Va., Kingsmill Resort includes 422 rooms; six restaurants; a 17,000-square-foot conference center; full-service spa and fitness center; marina; and 15-court tennis center. The resort is also widely known for its three award-winning championship golf courses and its executive nine-hole course.

Xanterra is the largest concessioner with the National Park Service and a leader in the hospitality industry, managing resorts, lodges, restaurants, gift shops, tours and activities in national parks, state parks and destination resorts. The company also is a leader in environmental stewardship, and its programs and accomplishments have resulted in numerous prestigious awards from the Department of the Interior, National Park Service, American Hotel & Motel Association and many other governmental agencies, tourism entities and environmental organizations.

“We are pleased to complete the purchase of Kingsmill Resort, and we eagerly look forward to managing such a prestigious property,” said Xanterra President and CEO, Andrew Todd. “This resort complements our existing portfolio of lodges and resorts, and we look forward to continuing the resort’s commitment to excellent service and exceptional product quality.”

Todd added that Xanterra has no immediate plans for major changes to the resort property or staffing. The company will work closely with the resort’s constituent groups including ownership, employees, membership and the property’s homeowner associations as future plans are developed.This sale does not impact BPI’s realty or residential operations or its role with the Kingsmill Community Services Association.