HVMG and Investra Joint Venture Completes Acquisition of TownePlace Suites and Candlewood Suites in Bentonville, Arkansas

Investra | February 20, 2018

ATLANTA, February 20, 2018–-Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, in a joint venture with Investra, a private equity real estate investor and asset manager, today announced the completed acquisition of a two-hotel portfolio in Bentonville, Ark., for an undisclosed sum. HVMG, which has operated the hotels for five years on behalf of previous ownership, also will manage the 78-room TownePlace Suites by Marriott Bentonville Rogers and the 130-room Candlewood Suites Rogers/Bentonville and oversee the hotel renovations. "Our familiarity with these hot...