ATLANTA, Georgia—Hospitality Ventures Administration Group (HVMG) introduced that the corporate has added 9 new administration agreements year-to-date, together with one ground-up growth, to its nationwide portfolio.
“HVMG is on tempo for an especially profitable 2025, particularly given the present transaction setting. We have now expanded our footprint throughout the southeastern, western, and central United States with the addition of those inns,” mentioned Robert Cole, president and chief govt officer. “By the top of this 12 months, we expect one other six inns transitioning into our portfolio as we develop with our present associate relationships and kind new ones.”
The brand new inns are situated all through Georgia, Florida, North Carolina, and Texas. Totaling 1,485 rooms, the inns comprise a mix of Marriott-, Hilton-, and IHG-branded and unbiased inns.
“We take nice pleasure in the truth that administration transitions stay one among our strongest development automobiles, which we imagine is a direct reflection of our efficiency versus our competitors,” mentioned Mike Woodward, chief development officer. “These agreements deliver 4 new companions into the HVMG fold, and we proceed to hunt best-in-class possession teams on the lookout for skilled operators able to bettering their backside line outcomes, whereas growing visitor satisfaction.”
Along with the brand new inns, HVMG lately expanded its company management crew, naming Jessica Myers as vp of finance and accounting and Drew Slayton as vp of enterprise growth. Earlier in 2025, the corporate additionally launched Elevate Renovations + Growth, a third-party mission supervisor and asset lifecycle providers supplier.
