{"id":1004149205,"date":"2016-08-01T09:25:25","date_gmt":"2016-08-01T17:25:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149205"},"modified":"2020-05-13T01:01:44","modified_gmt":"2020-05-13T09:01:44","slug":"hvmg-acquires-two-downtown-winston-salem-n-c-hotels","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hvmg-acquires-two-downtown-winston-salem-n-c-hotels\/","title":{"rendered":"HVMG Acquires Two Downtown Winston-Salem Hotels"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Charlotte, N.C.<\/strong>\u2014Hospitality Ventures Management Group<\/a> (HVMG) recently acquired two downtown Winston-Salem, N.C., hotels: the 315-key Marriott and the 146-key Embassy Suites. Both assets are adjacent to the Benton Convention Center, which is currently undergoing an $18 million renovation. The company plans to renovate the two newly purchased hotels.<\/p>\n

\"Winston-Salem<\/a>

Winston-Salem Marriott<\/p><\/div>\n

Located at 425 North Cherry St., Winston-Salem Marriott<\/a> features amenities like an indoor pool, free Wi-Fi, business and fitness centers, as well as 14,000 square feet of flexible event space. Right nearby at 460 North Cherry St., Winston-Salem Embassy Suites<\/a> offers a swimming pool, fitness room, beauty salon, barber shop, business center and meeting rooms for its guests.<\/p>\n

\u201cNorth Carolina continues to be one of the more attractive hotel marketplaces in the U.S., with domestic travelers spending more than $20 billion across the state according to the latest available data,\u201d said Robert Cole, HVMG president & CEO, in prepared remarks. \u201cWhile the Marriott and Embassy Suites mark our entry into Winston-Salem, they also are our fifth and sixth North Carolina properties, adding greater depth to our state and regional market insights and providing economies of scale we can leverage immediately.\u201d<\/p>\n

\u201cWe are working a very active acquisitions and development pipeline, with these two properties becoming the fifth and sixth hotels added to our portfolio over the last seven weeks,\u201d Cole added. \u201c2016 is shaping up to be one of HVMG\u2019s most successful growth years in its history.\u201d<\/p>\n

Image courtesy of Winston-Salem Marriott<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With two new assets in its portfolio, 2016 is shaping up to be one of the company’s most successful growth years.<\/p>\n","protected":false},"author":735,"featured_media":1004149206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21751,21783,21742],"tags":[],"class_list":["post-1004149205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-hotel","category-investment","category-latest"],"acf":[],"yoast_head":"\nHVMG Acquires Two Downtown Winston-Salem Hotels - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hvmg-acquires-two-downtown-winston-salem-n-c-hotels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HVMG Acquires Two Downtown Winston-Salem Hotels\" \/>\n<meta property=\"og:description\" content=\"With two new assets in its portfolio, 2016 is shaping up to be one of the company's most successful growth years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hvmg-acquires-two-downtown-winston-salem-n-c-hotels\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-01T17:25:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-13T09:01:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Winston-Salem-Marriott.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"403\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hvmg-acquires-two-downtown-winston-salem-n-c-hotels\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hvmg-acquires-two-downtown-winston-salem-n-c-hotels\/\",\"name\":\"HVMG Acquires Two Downtown Winston-Salem Hotels - 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She joined the team in 2015 as associate editor and covered commercial, residential and student housing news assignments. 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