Articles from Hospitality Ventures Management Group

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced the company has named Jessica Myers vice president of finance & accounting to fill a strategic role in the company’s continued pursuit for excellence in owner satisfaction in financial reporting. Bringing corporate, above-property and property-level expertise with strategic leadership, Myers will lead the corporate team responsible for publishing monthly financial statements in her new role, ensuring the right processes are consistently executed to deliver timely and accurate financial statements.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced the company has named industry veteran Gary Kunesh senior vice president and chief financial officer. In his new role, Kunesh will provide oversight of accounting, financial reporting, tax, risk management and technology functions for the organization at both the corporate and property levels.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced the launch of Elevate Renovations + Development, a third-party project manager and asset lifecycle services provider offering flexible, cost-effective solutions tailored to the unique needs of the hospitality industry.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced that the company added eight new hotels to its portfolio in 2024, bringing the total number of properties it holds to 51. The new additions include a mix of Marriott and Hilton branded hotels covering lifestyle, select-service, full-service and extended-stay categories. 2024 was a stellar year for HVMG, as the company continued to grow its portfolio-wide RevPAR Index for the fourth consecutive year and nine of the past ten years.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced that the company has expanded its executive team with the promotion of Cory Chambers to executive vice president, chief commercial and analytics officer, and its leadership team by promoting Maggie Rosa to vice president of operations. In their respective new roles, Chambers will work with the team to build and drive cross-functional strategies to better serve hotel general managers, their teams and hotel owners, and Rosa will spearhead the operational performance of a portfolio of full-service and select-brand hotels while fostering relationships with owners. Chambers also will continue to lead the HVMG Revenue Excellence team in maximizing market share growth and leading the team to deliver revenue strategies, systems and processes to above-property operations team members, hotel teams and hotel owners.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced it has assumed management of the 232-suite Embassy Suites by Hilton Bloomington/Minneapolis. The company also will oversee a $9 million renovation project to upgrade guest rooms, public space, restaurant and back-of-house items.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced that Ron Fader has been named senior vice president, finance and accounting. In his new role, Fader will ensure excellence in the hotel day-to-day financial accounting, financial reporting, cash flow planning and management activities, while bolstering the accounting and finance team to help support future growth.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today provided results for the company’s first quarter of 2024, including the addition of three, new third-party hotel management agreements and above-industry average results in revenue per available room (RevPAR) and RevPAR growth. Additionally, the company named Heidi Nielsen vice president of business development.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced that the company has named Linda Philp, CPA, senior vice president & chief financial officer. In her role, she will be responsible for the company’s accounting, financial reporting, tax, systems optimization/technology and risk management functions.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced that the company has promoted three associates to leadership roles. Jamison Conrey was named vice president of engineering, Capital Projects and Risk Management; Androse Bell was named general manager and vice president of operations and Maggie Rose was named general manager and vice president of operations.

Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced that the company added 15 new hotels in 2023 to its portfolio of select-service, full-service and resort properties. Most of these additions are Marriott, Hilton, and Hyatt brands. HVMG also continues to add significant resources to its platform as it executes its growth strategy.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, privately-owned third-party hotel operator and investor, today announced that Mike “Woody” Woodward has been named executive vice president and chief growth officer. In his new role as a member of HVMG’s executive team, Woodward will lead the organization’s growth and investment team and be responsible for strategies that lead to both third-party management agreements and property acquisitions. In addition, he will have a strong focus on owner and investor relationships.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel third-party operator and investor, is expanding and fortifying its leadership team as the company surges ahead, powered by its industry leading market share growth and impressive financial performance. The strategic promotions and new leadership team additions include Sue Sanders to executive vice president, chief strategy and administrative officer; Wilson Turner to senior vice president, human resources; Angie Cook to senior vice president of accounting and finance; Suzanne Saunders to senior vice president of design and construction; and Bob Kisker to vice president of operations. "The addition of nine hotels in just the first half of this year is a direct reflection of the stellar financial performance delivered by our hotel operating teams, combined with the hands-on efforts and oversight from our growth team and above property corporate resource and support teams,” said Robert Cole, CEO, HVMG.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced the appointment of Bryan Gatzemeyer as vice president of business intelligence. He will report to Cory Chambers, chief commercial officer. Chambers, along with a team of hotel industry and data science experts, has led HVMG’s efforts building the necessary infrastructure and data warehouse to activate a prescriptive business intelligence platform. Gatzemeyer will lead HVMG's data and analytics strategy, and his appointment punctuates the company’s commitment to data-centric decision making using artificial intelligence and machine learning to drive performance.

Officials of the 149-room Courtyard Edison Woodbridge today announced the completion of a $6 million renovation. To celebrate the event, the hotel hosted an open-to-the-public ribbon cutting ceremony on May 19, 2023, with Mayor Sam Joshi in attendance. The Courtyard is operated by Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it has maintained the forward momentum it experienced in 2022 as evidenced by multiple factors, including industry leading RevPAR Index growth, numerous awards and overwhelmingly positive results from stakeholder satisfaction surveys.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it has strengthened its Revenue Excellence team with two new promotions. Melissa Arana has been named vice president of revenue strategy, and Denise Hanas has been named corporate director of marketing strategy.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that Cory Chambers has been promoted to the newly created role of chief commercial officer and senior vice president, business intelligence. In his new position, Chambers will be responsible for leading the HVMG Revenue Excellence team in maximizing market share growth and bottom-line profitability. Central to the new role will be driving HVMG’s business intelligence strategic initiative of creating forward-looking, predictive analytics. Over the past eighteen months, comprehensive data warehousing and visualization platforms have been built to enhance real time decision making for company leaders and results for investors.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that the 117-room Holiday Inn Steamboat Springs in Colo. was added to its portfolio of third-party managed hotels across the U.S. The hotel is owned by Mission Hill Hospitality, an affiliate of KSL Capital Partners focused on select-service and extended-stay hotels.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it has added the 111-room Darwin Hotel to its portfolio of third-party managed hotels across the U.S. HVMG oversaw the complete rebranding and renovation of the former independent hotel.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it been selected to operate the 195-room REVERB by Hard Rock Downtown Atlanta. The recently opened hotel is owned by Bolton Atlanta, an affiliate of Dezhu US, a multi-class development company.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that Sameer Nair has been named senior vice president of acquisitions and development.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it named Jim Haggerty vice president of design & development.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today shared the successful, one-year results of its Talent Acquisition Center of Excellence (TACOE), a strategic initiative designed to source property level talent and support. The program accelerates hiring across the company’s 56 hotel portfolio while removing pressure from property general managers, thus freeing them up to focus on guest satisfaction and overall profitability.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it named Wilson Turner vice president of human resources programs and support. In his new role, Turner will further augment and implement human resources solutions, programs and processes aligned with HVMG's strategic plan and culture.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it has named Peter Hoffman senior vice-president, select brands. In his new role, Hoffman will oversee and be responsible for the performance of the company’s existing portfolio of select-service brands.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it has promoted four associates to more senior operational positions: Ron Mader was promoted to senior vice-president of operations and Margie Vito to the newly created role of senior vice-president of operations and transitions, while Androse Bell and Bob Kisker were promoted to general manager & regional director of operations. Additionally, the company named Robert Babst director of operations for select brands.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it added 16 hotels to its nationwide portfolio, bringing it to a total of 56 hotels with approximately 9,000 total rooms under management.

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today assumed management of the 219-room Fort Lauderdale Marriott Pompano Beach Resort & Spa. The property was recently acquired by Key International, a leading international real estate development and investment firm, and Wexford Real Estate Investors (WREI).

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today announced the initial results of its Talent Acquisition Center of Excellence (TACOE), a new strategic initiative designed to source property level talent and support as well as accelerate the hiring process for its hotels. This centralized effort also was created in part to take some of the recruiting and on-boarding processes off HVMG general managers, given all they are having to manage and navigate now and for the foreseeable future.

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.

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.

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.

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. From June 2020 through March 2021, HVMG’s consolidated portfolio produced a GOPPAR of $15.13 and a GOP margin of 27.3%, compared to industry averages of $7.62 and 11.8%, respectively, for the same period. In the upper upscale segment, the results were even more dramatic as HVMG’s GOP margin for the ten month period was 27.2% versus the industry average of 3.2%.