Hospitality Ventures Management Group (HVMG) Assumes Management of Kentucky’s The Inn On Broadway Lexington

USA, Lexington, Kentucky. July 08, 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 with a number of solutions and adjustments to our business model and operating cost structure to mitigate the downturn in revenue while also keenly focused on revenue share shifting."

Situated at 1301 South Broadway in downtown Lexington, the four-story hotel is well suited to meet the needs of business and leisure travelers. Nearby attractions include the University of Kentucky, Red Mile and Lexington Convention Center and multiple, local eateries. In addition, the property is less than six miles from the Blue Grass Airport and the legendary Keeneland Thoroughbred Racecourse. All guestrooms include an oversized workspace, microwave and complimentary Wi-Fi. Other hotel amenities include a business center, workout room and a daily continental breakfast.

"The hotel benefits from an irreplaceable location in downtown Lexington, with numerous demand generators for both business and leisure travelers," Cole added. "The property will be undergoing an extensive and comprehensive renovation in the foreseeable future and repositioned as an upscale independent boutique hotel. HVMG looks forward to bringing our extensive management and resource platform to execute this plan and increase ownership value."

Media Contact:

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Coming up in November 2020...

Hotel Design: Home Away From Home

With the rise of the sharing economy and the peer-to-peer marketplace for lodging options, hoteliers are re-thinking the look, feel and appeal of their locations. There is an emphasis on re-creating a feeling of homeyness - a comfortable, cozy and inviting space that feels like home. 'This is accomplished through the careful selection of furniture design, paint colors, lighting design, artwork, bathroom fixtures and textile accessories. In addition, some hotels are providing their guests with upscale amenities, such as a book and movie library, home-style kitchenettes, a coffee machine with locally-sourced beans and tea, or even a batch of fresh-baked cookies. Similarly, there is a growing design trend based on the concept of place-making. Travelers are searching for experiences that are unique and authentic to the locale in which they find themselves, and so hotel designers are integrating a sense of place into their work. This is partially achieved by incorporating traditional artisanal crafts and other local artwork into hotel rooms and communal spaces. Another design trend includes the creation of full-service, co-working environments within the hotel. Guests don't like to stay alone in their room when they need to work, so now they can go downstairs to the lobby-or up to the roof-to work among others. These areas encourage guests - and non-guests alike - to stay as long as they like and to partake of hotel amenities. Finally, recognizing the importance of the Wellness Movement, some designers are exploring how room design can increase the likelihood of deep and restorative sleep. Creating dark and quiet spaces, blocking excessive light, providing guests with a selection of different kinds of pillows, and the ability to control room temperature, are a few of the best practices in this area. These are some of the architecture and design topics that will be covered in the November issue of the Hotel Business Review.