Hospitality Ventures Management Group (HVMG), a hotel management firm that manages Hilton, Marriott, Hyatt, Starwood and IHG hotels in 15 states in the United States, has added management of the 4 top segment hotels to its portfolio.
Based in Atlanta, private hotel investment, property and management company HVMG has assumed management of a four-hotel portfolio of upper-upscale and upscale independent and Hilton-branded 4 hotels located in Florida, Oklahoma and Texas. The hotels, owned by the Hobbs & Curry Family Limited Partnership, a private hotel owner and developer in the United States, collaborated with HVMG to quickly adapt to the post-pandemic period and maximize the performance of hotels. The 248-room Hilton Dallas/Southlake Town Square in Texas, the 227-room Hilton St. Petersburg Carillon Park in Florida, the 161-room Hilton Garden Inn Oklahoma City Airport, and the 139-room Islander Resort on the beach in Islamorada, Florida will enter the 2020 tourism season with new management firms.
“As the industry enters the next phase towards recovery, owners want experienced operators with true differentiators that stand out. We have not only weathered previous downturns, but have actual case studies and proven results of turning around underperforming hotels and maximizing their bottom line profitability, through both the ramp-up of revenue and the reduction of payroll and expenses,” said Robert Cole, president and CEO, HVMG. “HVMG has undergone multiple economic cycles, and while this coronavirus is certainly in a class of its own, there are overarching lessons we have learned and strategies we can implement from previous cycles. We will continue utilizing those experiences and best practices for this portfolio.”