The Colony Featured in Resort Trades

Resort Trades tells the story of The Colony’s partnership with Resort Management & Consulting Group and the growth that’s followed.

When the owners at The Colony in Virginia Beach fought to reclaim their 1976 oceanfront resort, winning was only half the battle. The new board still had to answer the hardest question in independent resort governance: who should actually run this place?

Resort Trades just published a feature on how that question gets answered, and The Colony’s partnership with RMCG is at the center of it.

The article follows the board from a years-long ownership fight through the decision that followed it, including what changed once RMCG took over daily operations in April 2025. Board President Argyrios Katos describes board involvement dropping from constant day-to-day work to monthly meetings, then quarterly. The numbers tell the rest: operating expenses $108,000 under budget, long-delinquent accounts cleared and rental revenue up 43% in a single year.

“Our job isn’t to take a resort away from the people who love it,” said Lanse McColl, RMCG President and CEO, in the piece. “It’s to sit beside a board that knows its property better than anyone, bring the industry experience they were never expected to have, and make the decisions together.”

The article also takes an honest look at the bigger picture, from how few resorts self-manage to why there’s no single right structure, only the right fit for each property.