Hotel operator buys The Times-Dispatch building in Richmond

Hotel operator buys The Times-Dispatch building in Richmond
Richmond Times-Dispatch (Source: NBC12)

RICHMOND, Va. (AP) - A hotel operator has purchased The Times-Dispatch building in Virginia’s capital city, but the Richmond newspaper will remain in the downtown building under a long-term lease.

The Times-Dispatch reported Thursday that its newsroom, advertising and administrative offices will be consolidated on one floor of the four-story building.

A subsidiary of Berkshire Hathaway Inc., which owns The Times-Dispatch and 29 other daily newspapers, sold the building to an entity tied to Shamin Hotels.

The newspaper reports that court records show the building was acquired Monday for nearly $14.5 million.

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