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Details released into future of shuttered Broad Street hotel

The former Akaza Hotel property at 6531 W. Broad St. in Henrico was purchased for $4.6 million by the KM Hotels. (Photos by J. Elias O’Neal)

RICHMOND, Va. — A busy local hotelier has added another project to its plate, this time by buying a property on West Broad Street that has seen several hotel flags come and go over the years.

Henrico-based KM Hotels last month purchased the former Akaza Hotel property at 6531 W. Broad St. for $4.6 million, according to county property records. It sits on 6.7 acres and most recently was assessed by the county for $3.8 million.

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