BEACH DEVELOPERS IN DEAL FOR NAGS HEAD HOTEL.(BUSINESS)

From: The Virginian Pilot | Date: July 12, 2001 | Copyright information

Byline: CHRISTOPHER DINSMORE THE VIRGINIAN-PILOT

KILL DEVIL HILLS -- Virginia Beach-based hotel owners/developers Bruce Thompson and Edmund Ruffin continue to expand their hospitality empire.

The two are among the investors in Nags Head Beach Hotel LLC, which acquired the Nags Head Beach Hotel for $2.3 million from Federated Mortgage of State College, Pa.

The five-story, 95-room hotel will be managed by Thompson and Ruffin's Professional Hospitalit...

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