TownePlace Suites Charlotte Fort Mill
Hospitality Ventures Management Group (HVMG) Assumes Management of Two North Carolina Hotels
Hospitality Ventures Management Group | October 14, 2021
CHARLOTTE, N.C. — October 14, 2021 — 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. “As the hospitality industry continues its modest trajectory towards recovery, owners are looking for experienced operators with a proven track record of results during difficult operating en...
Affiliates of Paceline Equity Partners Acquire Two Hotels in Charlotte, North Carolina
Paceline Equity Partners | September 28, 2021
DALLAS, TX - September 28, 2021 - Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired two limited-service hotels in the Charlotte Metro Area, the Holiday Inn Express & Suites Charlotte Ballantyne and the TownePlace Suites Charlotte Fort Mill. The Holiday Inn Express & Suites Charlotte Ballantyne hotel was built in 2019 and is a 123-room limited-service hotel with amenities including an outdoor pool, meeting space and fitness center. Located in the Ballantyne area of Charlotte, North Carolina, the hotel is conveniently situated along Route 521 o...
