HVMG to Manage Pittsburgh Hampton Inn & Suites
Fourth Property HVMG will Manage in Greater Pittsburgh area.
April 6, 2012 - Hospitality Ventures Management Group (HVMG), a privately owned hotel ownership and management group based in Atlanta, today announced that it has been awarded management of the new Hampton Inn & Suites-The Waterfront in West Homestead, PA that is under construction. The Hampton Inn & Suites-The Waterfront, which is scheduled to open in November 2012, will be the fourth hotel HVMG manages in Greater Pittsburgh.
The 133-room Hampton Inn & Suites-The Waterfront will feature 33 suites, 1,000 square feet of meeting space, indoor swimming pool and spa, and a 1,500-square-foot outdoor terrace and deck. It will be located along the Monongahela River at Waterfront Drive & Bridge Street on the site of a former steel mill that is now The Waterfront, Pittsburgh's premier shopping and entertainment destination with 750,000 square feet of retail attractions, restaurants and upscale apartments. The new hotel also will be conveniently located near the Kennywood Amusement Park and Sandcastle Waterpark.
“We're eagerly anticipating expanding our footprint in Pittsburgh, which has proven to be an exceptional growth market for the three other hotels we manage in the area,” says HVMG President & CEO Robert Cole. “We're confident this hotel will be highly successful from the first day it opens given our team's extensive experience managing Hilton-branded properties combined with its superior location and upscale amenities such as more suites than a typical Hampton Inn & Suites offers.”
HVMG added eight hotels to its portfolio in 2011 (a 36% growth rate) and has already added six hotels and an Expo Center in 2012 so far. In 2010, HVMG added seven hotels (a 33% growth rate) despite one of the tougher operating and growth environments in the history of the hotel industry.
About Hospitality Ventures Management Group
Hospitality Ventures Management Group is a privately owned, fully-integrated Atlanta-based hotel ownership and management group that specializes in turning around and repositioning underperforming hotels. The firm currently owns and/or operates 37 hotels in 16 states (coast to coast) totaling more than 6,600 guest rooms. 25 of the hotels operate under Hilton or Marriott franchise agreements. Visit www.hvmg.com for more information.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
