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

Hunter Hotel Advisors | August 8, 2016

ATLANTA, Ga. (August 8, 2016) – 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 Atlanta-based Hunter Hotel Advisors for $50.75M, inclusive of the hotels' capital reserve accounts. Each hotel will underg...