HVMG Retains Management of Hotel
PHOENIX & ATLANTA--(BUSINESS WIRE)--Hospitality Ventures Management Group (HVMG), an Atlanta-based, private
hotel investment, ownership and management company, today announced the
completed conversion of the former Hilton Phoenix Suites to the
242-suite Embassy Suites by Hilton Phoenix Downtown North. HVMG, which
purchased the hotel in 2016 as part of a joint venture, will continue to
operate the property.
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“Our familiarity with the market and hotel provided us the insight to
realize both the property and our guests would benefit from a full
reimagining,” said Robert Cole, HVMG president and CEO. “With properties
in California, Colorado, Texas and Oklahoma, we continue to invest
heavily West of the Mississippi in hotels in markets with barriers to
new entry that can benefit from repositioning, as well as our
proprietary management and marketing systems.”
Located at 10 East Thomas Road, the hotel is adjacent to the
Thomas/Central Metro Light Rail Station, making the property accessible
to Chase Field, Talking Stick Arena and Phoenix Sky Harbor International
Airport. Suites offer separate private sleeping and living spaces,
complimentary Wi-Fi and 55-inch flat-screen televisions. The hotel
features a fitness center, indoor heated pool, business center and 4,350
square feet of flexible meeting space. Dining options include
American-inspired cuisine at Salt River Tavern, free made-to-order
breakfast and a nightly Evening Reception at the Atrium Bar.
“Our design and construction team worked closely with the brand to
ensure a seamless transition from the former Hilton Phoenix Suites to
the ‘like-new’ Embassy Suites Phoenix Downtown North,” Cole noted. “From
ground-up construction and renovations/repositionings to operations and
financing assistance, HVMG has become a truly integrated, one-stop-shop
capable of providing for a hotel’s entire investment life cycle.”
About HVMG
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
31 hotels in 16 states totaling 5,754 guest rooms. 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.
Contacts
Daly Gray, Inc.