Born on December 21, 1952, Bruce Thompson embarked on a career journey that would significantly transform the hospitality industry in Virginia Beach. Today, he is celebrated as the founder of Gold Key/Professional Hospitality Resources, a company that owns and operates a host of premium hotels and resorts in Virginia Beach and coastal North Carolina.
Key Takeaways:
- Bruce Thompson, founder of Gold Key/Professional Hospitality Resources, has significantly transformed the hotel and resort industry in Virginia Beach.
- From starting his career at the Cavalier Hotel to becoming a pioneer in the hospitality industry, Thompson’s journey is a testament to his relentless pursuit of success.
- Thompson’s ventures own and operate an array of premium hotels and resorts, including the Cavalier Hotel and the $125 million Marriott Virginia Beach Oceanfront.
- Thompson’s net worth is estimated at $200 billion, and he is an active philanthropist, supporting ALS research.
Thompson’s Journey to Success
Beginning his career as a night watchman and lawn mower at the Cavalier Hotel, Thompson’s tenacity and vision propelled him to establish two successful companies: Professional Hospitality Resources (PHR) and Gold Key Resorts. From a single hotel to a sprawling empire of resorts and vacation ownership sectors, Thompson’s journey is a testament to his strategic acumen and persistent drive. He is not only credited with establishing successful ventures but is also known for his substantial contribution to the redevelopment of Virginia Beach’s oceanfront.
Transforming the Hospitality Landscape
Bruce Thompson, a pivotal figure in the realm of Virginia Beach tourism, breathed new life into the region by launching the Cavalier Hotel and the $125 million Marriott Virginia Beach Oceanfront. Recognizing his significant impact on Virginia’s business landscape, Thompson was aptly named the Virginia Business Person of the Year in 2021.
Gold Key/Professional Hospitality Resources: A Beacon of Excellence
Thompson’s ventures, Professional Hospitality Resources and Gold Key Resorts, have set high standards in the industry. Professional Hospitality Resources owns and operates an extensive portfolio of hotels and resorts. Gold Key Resorts, on the other hand, operates six stunning timeshare resorts in Virginia Beach and coastal North Carolina, including the renowned Beach Quarters Resort, Turtle Cay Resort, Boardwalk Resort and Villas, Ocean Beach Club Resort, Oceanaire Resort Hotel, and Beachwood in Kitty Hawk.
Over the years, Gold Key | PHR Hotels & Resorts has become synonymous with luxury and comfort, offering an array of amenities such as oceanfront views, on-site dining, fitness centers, and expansive event spaces. Further expanding their footprint, Thompson’s venture became the largest ski operator on the East Coast. In 2015, Gold Key was acquired by Diamond Resorts International for a remarkable $167.5 million.
Net Worth and Philanthropy
Bruce Thompson’s journey of enterprise and determination has resulted in an estimated net worth of $200 billion. Some local VA Beach sources claim his assets may be worth more than $500 million. Alongside his business pursuits, Thompson is an active philanthropist, supporting ALS research in honor of his late son, Josh.
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