Posts filtered by tags: Hospitality Ventures Management Group HVMG[x]


 

Hospitality Ventures Management Group (HVMG) Assumes Management of TownePlace Suites Charlotte Fort Mill and Holiday Inn Express & Suites Charlotte - Ballantyne

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today announced that it has signed management agreements to immediately begin operations of the 105-room TownePlace Suites Charlotte Fort Mill and the 123-room Holiday Inn Express & Suites Charlotte – Ballantyne. The two hotels mark the 9th and 10th takeover in the past two months.
Tags: Travel, Atlanta, Charlotte, Ballantyne, Hospitality Ventures Management Group HVMG, Charlotte Ballantyne


HVMG Assumes Management of DoubleTree by Hilton Hotel Atlanta – Roswell

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today announced that it has taken over management of the 174-room DoubleTree by Hilton Hotel Atlanta - Roswell. This marks HVMG’s fifth Atlanta hotel announced in the past 60 days, bringing the company’s Atlanta-based portfolio to 12 out of 52 hotels nationwide and the tenth new hotel transaction since July.
Tags: Travel, Atlanta, DoubleTree, Roswell, Hospitality Ventures Management Group HVMG, HVMG, Hilton Hotel Atlanta, Hilton Hotel Atlanta Roswell


HVMG to manage Atlanta Marriott Perimeter Center

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today announced that it has assumed management of the 344-room Atlanta Marriott Perimeter Center. Located in the northern Atlanta suburb of Dunwoody, the hotel recently completed a multi-million-dollar renovation to upgrade the hotel’s exterior, 18,000 square feet of meeting space and guestrooms.
Tags: Travel, Atlanta, Dunwoody, Hospitality Ventures Management Group HVMG, HVMG, Atlanta Marriott Perimeter Center, Atlanta Marriott Perimeter Center Located


Hospitality Ventures Management Group (HVMG) Assumes Management Of Four-Hotel Portfolio

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today announced that it has assumed management of a four-hotel portfolio of Marriott and Hilton branded hotels located in Atlanta and Durham, N.C. Totaling 589 rooms, the additions bring HVMG’s current management portfolio to 48 hotels and convention centers in 17 states, totaling 7,584 guest rooms, with several other under development.
Tags: Travel, Atlanta, Hilton, Marriott, Durham, Hospitality Ventures Management Group, Hospitality Ventures Management Group HVMG, HVMG


Hospitality Ventures Management Group (HVMG) Continues to Generate Industry-Leading Revenue and Operating Results

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today announced that it continues to generate industry-leading Gross Operating Profit Per Available Room (GOPPAR) and Gross Operating Profit (GOP) margins as measured by STR data.
Tags: Travel, Atlanta, Gop, Hospitality Ventures Management Group HVMG


Hospitality Ventures Management Group (HVMG) Ramps Up Lender Real Estate Owned (REO) Management and Receivership Activity

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it has begun to ramp up its Real Estate Owned (REO) management and receivership activity with the addition of two foreclosed IHG franchised hotels in Killeen, Texas. The company expects its role assisting lenders to continue to expand as industry RevPAR levels remain at roughly half of 2019 performance levels and an on-going surge in COVID-19 inf...
Tags: Travel, Atlanta, Ihg, Hospitality Ventures Management Group HVMG, Killeen Texas, Real Estate Owned REO


Hospitality Ventures Management Group (HVMG) Outperforms Industry Through Rapid Execution of Plan As Pandemic Quickly Spread

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today shared key elements of its strategy that led to significant industry outperformance in multiple metrics, according to STR data around expenses and operating margins. For the three-month period June through August 2020, HVMG delivered substantially greater GOPPAR (Gross Operating Profit Per Available Room) and GOP percentage than the industry and continues to ou...
Tags: Travel, Atlanta, Gop, Hospitality Ventures Management Group HVMG


Hospitality Ventures Management Group (HVMG) Awarded Management of Four Upscale Hotels

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has assumed management of a four-hotel portfolio of upper upscale and upscale independent and Hilton-branded hotels located in Fla., Okla., and Texas. The 248-room Hilton Dallas/Southlake Town Square, the 227-room Hilton St. Petersburg Carillon Park, the 161-room Hilton Garden Inn Oklahoma City Airport and the 139-room Islander Resort on the beach ...
Tags: Travel, Texas, Atlanta, Hilton, ISLAMORADA Fla, Hospitality Ventures Management Group HVMG, Fla Okla, Hilton Dallas Southlake Town Square, Hilton St Petersburg Carillon Park, Hilton Garden Inn Oklahoma City Airport, Islander Resort, Hobbs Curry Family Limited Partnership LLP


Hospitality Ventures Management Group (HVMG) to Manage 506-Suite Embassy Suites by Hilton Nashville Downtown Convention Center

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has been selected to manage the 506-suite Embassy Suites by Hilton Nashville Downtown Convention Center. Scheduled to open during the fourth quarter of 2021, the Embassy Suites is part of a two-tower development project on 1.3 acres of land owned by Crescent Real Estate LLC, a high-end real estate acquisition, development and management company; St...
Tags: Travel, Atlanta, Hospitality Ventures Management Group HVMG, Starwood Capital Group, Hilton Nashville Downtown Convention Center, Hilton Nashville, Crescent Real Estate LLC


HVMG adds Hard Rock Hotel Daytona Beach to Growing Portfolio of Managed Properties

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, has announced it has taken over management the 200-room Hard Rock Hotel Daytona Beach (918 N. Atlantic Avenue). The hotel, which opened in early 2018, is owned by Summit Hospitality Management Group.
Tags: Travel, Atlanta, Atlantic Avenue, Hospitality Ventures Management Group HVMG, HVMG, Hard Rock Hotel Daytona Beach


Hospitality Ventures Management Group (HVMG) Announces Eight Renovation and Development Projects Totaling Approximately $110 Million

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that the company has eight new and on-going renovation and construction projects, three of which were completed recently, totaling approximately $110 million.
Tags: Travel, Atlanta, Hospitality Ventures Management Group, Hospitality Ventures Management Group HVMG


Hospitality Ventures Management Group (HVMG) Joint Venture Acquires the Marriott Century Center/Emory Area in Atlanta and Hilton Suites-Phoenix

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and management company, today announced it has formed a joint venture with True North Management Group of White Plains, N.Y., to acquire the 282-room Marriott Century Center in Atlanta, Ga., and the 226 two-room suite Hilton Phoenix Suites in Midtown Phoenix, Ariz. HVMG will operate both hotels, bringing its portfolio to 35 operated hotels with 7,572 rooms nationwide. The deal was brokered by Atlan...
Tags: Atlanta, Hilton, Phoenix, White Plains, Hospitality Ventures Management Group HVMG, Hunter Hotel Advisors


Hospitality Ventures Management Group (HVMG) Adds Courtyard by Marriott Atlanta Airport West to its Growing Management Portfolio

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management company, today announced that it was awarded management of the 124-room Courtyard by Marriott Atlanta Airport West.
Tags: Atlanta, Marriott, Hospitality Ventures Management Group HVMG


Atlanta Hospitality Alliance Presents John C. Portman, Jr. with Lifetime Achievement Award

The Atlanta Hospitality Alliance (AHA) today announced that it has presented John C. Portman, Jr., with its inaugural Lifetime Achievement Award for his contributions to the overall architectural look and feel of Atlanta, particularly in the hotel sector. The award ceremony was held during AHA's spring meeting at the new Hotel Indigo Atlanta Downtown, designed by Portman and operated by Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and managem...
Tags: Atlanta, Portman, Hospitality Ventures Management Group HVMG, Atlanta Hospitality Alliance, John C Portman Jr, Atlanta Hospitality Alliance AHA, Hotel Indigo Atlanta Downtown


Hospitality Ventures Management Group (HVMG) In Excess of $200 Million in Development and New Construction Pipeline

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management company, today revealed that it has more than $200 million in its current development and construction pipeline. The assignments are a mixture of new build and renovation projects.
Tags: Atlanta, Hospitality Ventures Management Group, Hospitality Ventures Management Group HVMG


Hospitality Ventures Management Group (HVMG) to Develop and Manage SpringHill Suites at The Wharf in Orange Beach, Ala.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management company, has been selected by Wharf Entertainment Properties, LLC, to serve as the lead developer and operator of the planned five-story, 132-room SpringHill Suites that broke ground in June at The Wharf in Orange Beach, Ala.
Tags: Atlanta, Springhill, Hospitality Ventures Management Group HVMG, Orange Beach Ala, Wharf Entertainment Properties LLC