Hospitality Ventures Management Group Selected to Manage the 335-room Hyatt North Houston in Texas
ATLANTA, GA - January 13, 2015 - Coming off the heels of industry leading RevPAR growth in 2014, Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and management company, today announced that it has been selected to operate the 335-room Hyatt North Houston. The hotel also has 27,000 square feet of meeting space.
"This is our third hotel in Texas, as well as our fourth full-service Hyatt, which will allow the Hyatt North Houston to immediately benefit from economies of scale and shared best practices," said Robert S. Cole, HVMG president and CEO. "Following the implementation of our proprietary sales, marketing, and revenue management systems, we are confident that the Hyatt North Houston will become the preferred destination for upper upscale business and leisure travelers to the area."
The Hyatt North Houston is HVMG's second deal of 2015 and expands its managed portfolio to 39 hotels and 7,529 rooms in 15 states nationwide. Four additional properties are targeted to close in the next month, marking a period of record growth for the company.
"In 2014, we set the stage for an aggressive, nationwide growth strategy and continue to have a substantial appetite for third-party management contracts, as well as acquisition opportunities," Cole added. "Our operation is scaled for growth and poised to take advantage of this phase of the cycle."
Located at 425 N. Sam Houston Parkway East in the heart of North Houston, the eight story hotel is near numerous corporate headquarters and retail offerings, George Bush Intercontinental Airport and the Greenspoint business district. Hotel amenities include a fitness facility, tropical-style outdoor swimming pool and spa, business center, gift shop and shuttle service to and from the airport. Additionally, the property has an all-day regional cuisine restaurant, Grill 425, as well as a Starbucks.
About Hospitality Ventures Management Group
Hospitality Ventures Management Group is a privately owned, fully-integrated hotel investment and management group that specializes in turning around and repositioning underperforming hotels as well as maximizing the performance of stabilized hotels. It currently operates 39 hotels and 7,529 rooms in 15 states nationwide. HVMG operates independent and boutique hotels, and resorts, as well as full-service, select service and extended stay hotels under the Hilton, Marriott, Hyatt, Starwood and IHG brands. 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 
