{"id":1004098125,"date":"2014-06-10T07:10:13","date_gmt":"2014-06-10T15:10:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004098125"},"modified":"2022-12-04T10:55:37","modified_gmt":"2022-12-04T18:55:37","slug":"hospitality-ventures-adds-42nd-hotel-to-portfolio-enters-multiple-strategic-partnerships","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hospitality-ventures-adds-42nd-hotel-to-portfolio-enters-multiple-strategic-partnerships\/","title":{"rendered":"Hospitality Ventures Adds 42nd Hotel to Portfolio, Enters Multiple Strategic Partnerships"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004098128\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hospitality-ventures-adds-42nd-hotel-to-portfolio-enters-multiple-strategic-partnerships\/doubletree-by-hilton-hotel-deerfield-beach\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg\" data-orig-size=\"2560,1706\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"DoubleTree by Hilton Hotel Deerfield Beach\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?w=1024\" class=\"alignright size-medium wp-image-1004098128\" alt=\"DoubleTree by Hilton Hotel Deerfield Beach\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg 2560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=1024,682 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=2048,1365 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=150,100 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=696,464 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=1068,712 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=1920,1280 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/DoubleTree-by-Hilton-Hotel-Deerfield-Beach.jpg?resize=630,420 630w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Spring is proving a fruitful season for Hospitality Ventures Management Group. Through a handful of transactions, the hotel ownership and management group has enhanced its portfolio with the addition of three hotels, and it\u2019s laid the groundwork for future growth with two new strategic partnerships.<\/p>\n<p>Hyatt Atlanta Perimeter at Villa Christina is now under HVMG\u2019s domain. The company manages the 177-room full-service hotel, which just opened its doors in May in Atlanta\u2019s Central Perimeter market, as well as the adjoining Villa Christina conference and special event venue. The 220-room DoubleTree by Hilton Hotel Deerfield Beach in Boca Raton, Fla., is also now part of the group. In addition to the overseeing of operations, HVMG\u2019s duties will include the spearheading of a multi-million-dollar renovation of the property. HVMG has also brought the in-progress 230 Peachtree Street Hotel Indigo in downtown Atlanta under its wing. The 200-room hotel is being developed on eight floors of the 415,000-square-foot 230 Peachtree Center office tower and will make its debut in 2015.<\/p>\n<p>Times are good in the hotel market. \u201cBusiness travel is returning at a good clip and group business is also on the upswing,\u201d Mary Beth Cutshall, vice president, Acquisitions and Business Development, with HVMG, told<em> Commercial Property Executive<\/em>. \u201cFrom a leisure standpoint, disposable income and the\u00a0improvement in personal net-worth, as well as the declining unemployment rates are all contributing to increased demand.&#8221;<\/p>\n<p>And with HVMG\u2019s two new alliances, the company is well-positioned to continue to capitalize on the increasing strength of the hospitality market. HVMG has landed the role of preferred hotel management company for Gabriel Holdings, a new private equity group that has recently come on the scene to acquire and develop hotel properties. Gabriel Holdings plans to shell out $100 million on value-add investments over the next 12 months, with a focus on upper midscale through upper upscale properties located in both secondary and tertiary markets.<\/p>\n<p>\u201cWe look for the value-add play where we can maximize opportunity for revenue enhancements and efficient expense management,\u201d Cutshall said.<\/p>\n<p>And with Serendipity Labs, HVMG has formed a joint venture to open and operate commercial and hotel-based work spaces in leading cities across the country. The partnership endeavors to be a force in extending the multi-billion-dollar co-working sector into the hotel sector and the team will kick off its effort with a new project in downtown Chicago this fall.<\/p>\n<p>The signs are positive for HVMG and the hotel market in general. \u201cAll of the fundamentals are strong and we are optimistic about the next few years,\u201d added Cutshall.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hospitality Ventures Management Group has enhanced its portfolio with the addition of three hotels, and it\u2019s laid the groundwork for future growth with two new strategic partnerships.<\/p>\n","protected":false},"author":969,"featured_media":1004098128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21783,21742],"tags":[],"class_list":["post-1004098125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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