robert cole
Hospitality Ventures Management Group (HVMG) Outperforms Industry Through Rapid Execution of Plan as Pandemic Quickly Spread
Hospitality Ventures Management Group | October 26, 2020
Company Shares Strategies Leading to Significant Outperformance for Stronger GOPPAR Results and GOP Percentage ATLANTA, October 26, 2020—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 outperform indu...
Hospitality Ventures Management Group (HVMG) Opens 104-Room Residence Inn by Marriott Waco/South in Texas
Hospitality Ventures Management Group | October 13, 2020
WACO, Texas - Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced the grand opening of 104-room Residence Inn by Marriott Waco/South in Texas. The hotel is owned by Ridgeland, Miss.-based Wealth Hospitality Group, a hospitality ownership/development/construction management company. “The Residence Inn by Marriott Waco/South marks our fifth hotel in Texas and our 20th Marriott-branded property,” said Robert Cole, president & CEO, HVMG. “Our familiarity with the market, extended-stay hotels and the Residence Inn brand will allow us to ramp up qu...
Integrated Capital Completes Multi-Million Dollar Renovation of DoubleTree by Hilton Hotel Pittsburgh – Meadow Lands
Integrated Capital, LLC | July 28, 2020
WASHINGTON, Pa., (July 28, 2020)—Integrated Capital, a Los Angeles-based, private real estate advisory and investment firm, today announced the completion of a multi-million dollar renovation of the 140-room DoubleTree by Hilton Hotel Pittsburgh – Meadow Lands. The hotel is operated by Hospitality Ventures Management Group (HVMG), a private hotel investment, ownership and management company, on behalf of Integrated Capital. “Though construction materials are much harder to come by during the pandemic, we were able to complete this hotel refresh on-time and on-budget,” said Kenneth Fearn, managing partner, Integrated Capital. ...
Hospitality Ventures Management Group (HVMG) Assumes Management of Four-Hotel Portfolio
Hospitality Ventures Management Group | June 9, 2020
ATLANTA, (June 9, 2020)—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 in Islamorada, Fla., are owned by Hobbs & Curry Family Limited Partnership, LLP, a private owner and developer of hotels acro...
Hospitality Ventures Management Group (HVMG) Assumes Management of Kentucky’s The Inn On Broadway Lexington
Hospitality Ventures Management Group | June 1, 2020
LEXINGTON, Ky., (June 1, 2020)—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has signed a management agreement to operate the Inn On Broadway in Lexington, Kentucky. “Particularly during the current environment, hotel owners are turning to trusted and proven operators to help their hotels maximize performance and weather the on-going crisis,” said Robert Cole, president & CEO, HVMG. “HVMG has been through the highs and lows of multiple cycles, making us as prepared as possible to navigate through the pandemic. We have come up wi...
Heritage Hospitality Selects HVMG to Manage Residence Inn by Marriott Waco/South in Texas
Hospitality Ventures Management Group | May 26, 2020
WACO, Texas, (May 26, 2020)—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it was awarded management of the currently under-construction, 104-room Residence Inn by Marriott Waco/South in Texas. Owned by Heritage Hospitality Group, a hospitality ownership/development/construction management company, the hotel is expected to open in mid-July 2020. “The Residence Inn by Marriott Waco/South marks our fifth hotel in Texas and our 20th Marriott-branded property,” said Robert Cole, president & CEO, HVMG. “Our familiarity with both the ma...
Owned and Managed by Endeavor Hospitality Group, Courtyard by Marriott to Open in Midtown West, Manhattan
Courtyard by Marriott | November 13, 2019
NEW YORK – November 13, 2019 – Courtyard by Marriott New York Midtown West is opening its doors in Midtown Manhattan today. Featuring 399 well-appointed guestrooms, including 26 suites, as well as a custom room design, the new hotel provides flexibility and choices that allow guests to optimize and elevate their travel experience. Located at 461 West 34th Street, the 28-story hotel will operate as a Marriott franchise, owned and managed by Endeavor Hospitality Group. Situated in the heart of Manhattan’s burgeoning Hudson Yards district, the Courtyard by Marriott New York Midtown West offers guests convenient access to the Jacob K...
