10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

HVMG finishes 2024 with eight additions to portfolio

  • Kathakali Nandi
  • 6 December 2024
  • 2 minute read
Total
0
Shares
0
0
0

This article was written by HotelsMag. Click here to read the original article

Hospitality Ventures Management Group (HVMG), the Atlanta-based third-party hotel operator and investor, announced it has inducted eight new hotels to its portfolio this year. This brings the total number of properties it holds to 51.

The new additions include Marriott and Hilton branded hotels in the lifestyle, select-service, full-service and extended-stay categories. This year has been a stellar one for HVMG, the company said in a release, as it continued to grow its portfolio-wide RevPAR Index for the fourth consecutive year and nine of the past 10 years.

HVMG added nearly 1,200 new rooms to its U.S. portfolio, Robert Cole, president and CEO, HVMG said.

Residence Inn Eagle in Eagle, Idaho is one the new additions to HVMG’s portfolio this year.

“Over the trailing 12 months alone, this growth has delivered more than $60 million in additional asset value for owners when you factor in our portfolio average flow-through,” Cole said.

About 70% of HVMG’s revenue is derived from full-service hotels. Besides its impressive growth, the company also received strong marks for its internal culture work environment. For the sixth year in a row, HVMG claimed the top spot in the top 20 of the Atlanta Journal-Constitution’s Atlanta’s Top Workplaces 2024, the company said.

HBX Group forms partnership to deliver…
Trending
HBX Group forms partnership to deliver…

HVMG was recognized out of more than 8,000 applicants, with results based on third-party associate surveys.

“Our focus on developing and recruiting excellent talent through programs like our Talent Acquisition Center of Excellence and XLR8 leadership development program continues to pay dividends,” Cole said. “We strongly believe that our associate satisfaction leads to premium financial returns for our partners. This award is a testament to the ‘Be Excellent’ culture our teams have instilled and I am incredibly proud of what they have accomplished.”

HVMG is a privately-owned and fully integrated group specializing in repositioning and turning around underperforming hotels as well as maximizing the performance of stabilized hotels. The company currently operates 51 hotels and a convention center across 17 states totaling more than 8,700 rooms.

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Regulatory and Legal Affairs

Peak Season, Pricey Mistakes: Why Hospitality Businesses Can’t Afford to Ignore Payment Compliance

  • Automatic
  • 21 July 2025
View Post
  • Regulatory and Legal Affairs

Henri Giscard d’Estaing leaves Club Med: A major change for Fosun

  • Automatic
  • 21 July 2025
View Post
  • Regulatory and Legal Affairs

Short-Term Restraint: Understanding the Effect of Federal Policy Changes on Lodging Demand 

  • Mark Lomanno
  • 18 July 2025
View Post
  • Regulatory and Legal Affairs

One Big Beautiful Bill Act – Key Tax Provisions

  • Automatic
  • 17 July 2025
View Post
  • Regulatory and Legal Affairs

Short-term rentals reshaping Europe’s tourism landscape

  • Automatic
  • 17 July 2025
View Post
  • Regulatory and Legal Affairs

Thoughtful Thursday – Building an Inclusive Future: Introducing the Accessibility Menu in SwiftBook

  • Nashi Dasgupta
  • 16 July 2025
View Post
  • Regulatory and Legal Affairs

Global Business Travel Industry Sentiment Continues to Reflect Ongoing Uncertainty and Change Amid U.S. Government Actions

  • Automatic
  • 16 July 2025
View Post
  • Regulatory and Legal Affairs

Glion awarded prestigious Swiss Federal Accreditation

  • Automatic
  • 16 July 2025
Sponsored Posts
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ

    View Post
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
Last Posts
  • The Garden District Hotel Opens in New Orleans’ Iconic Garden District
    • 22 July 2025
  • Wink Hotel Hai Phong Officially Opens – the Brand’s Tech-Driven, Design-Forward Lifestyle Hotel in Hai Phong, Vietnam’s Northern Port City
    • 22 July 2025
  • Now Open: Origin Hotel Atlanta Brings Boutique Style and Community Energy to South Downtown
    • 22 July 2025
  • Global Business Travel Spending to Reach $1.57 Trillion in 2025 Amid Trade Policy Uncertainty and Economic Risk, According to New GBTA Forecast
    • 22 July 2025
  • A fantastic fridge magnet key card
    • 22 July 2025
Sponsors
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.