Hospitality Ventures Management Group (Hvmg) Adds Nine Hotels to Portfolio
Hospitality Ventures Management Group, an Atlanta-based third-party hotel operator and investor, announced the company has executed nine new management agreements year-to-date, including one ground-up development, to its growing nationwide portfolio.
"HVMG is on pace for an extremely successful 2025, especially given the current transaction environment. We have expanded our footprint across the southeastern, western and central United States with the addition of these hotels," said Robert Cole, president and chief executive officer. "By the end of this year, we are expecting another six hotels transitioning into our portfolio as we grow with our existing partner relationships and form new ones."
The new hotels are located throughout Georgia, Florida, North Carolina and Texas. Totaling 1,485 rooms, the hotels comprise a mixture of Marriott-, Hilton- and IHG-branded and independent hotels.
"We take great pride in the fact that management transitions remain one of our strongest growth vehicles, which we believe is a direct reflection of our performance versus our competition," said Mike Woodward, chief growth officer. "These agreements bring four new partners into the HVMG fold, and we continue to seek best-in-class ownership groups looking for experienced operators capable of improving their bottom line results, while increasing guest satisfaction."
In addition to the new hotels, HVMG recently has improved its bench depth by expanding its corporate leadership team, naming Jessica Myers as vice president of finance & accounting and Drew Slayton as vice president of business development. The company earlier this year also launched Elevate Renovations + Development, a third-party project manager and asset lifecycle services provider, offering flexible, cost-effective solutions tailored to the unique needs of the hospitality industry.
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 
