HVMG & Industry News

  • Hospitality Ventures Management Group (HVMG) has been providing management solutions for hotel for 15 years. According to Mary Beth Cutshall, senior vice president, acquisitions and business development, HVMG’s success is grounded in the company’s mission to maximize value for owners and create career opportunities for HVMG associates.

  • What do owners want from a management company and what is the future like for this side of the business. HVMG’s founder, president and CEO has the answers you’re looking for.

    There was never a time when Robert Cole, founder, president and CEO of HVMG (www.hvmg.com) wasn’t in the hotel business. Born into a family that operated a couple of mom and pop motels, the lodging industry is stitched into his DNA.

    So he understands the business intimately and has a track record of building companies. Cole also founded Impac Hotel Group, which grew to more than 60 hotels throughout the United States in the 1990's, along with being one of Marriott and IHG’s largest franchisees. 

     

     

  • HVMG hiring processes facilitate an increased retention rate.   Read More

  • Accomplished leaders exhibit a collaborative style that produces the best and brightest solutions to whatever challenges they face.

  • Before you are able to speak to the accounting relationship between the Front and Back Office systems, it is important to understand what defines the Front and Back offices within a hotel operation.  These terms, in their simplest form, describe the part of the building where people work.

     

  • Revenue managers are under considerable pressure to increase ADR but as we know, there are many factors that can affect rate. For example, when occupancy starts to slip, a ‘heads in beds’ strategy can prevail. To achieve this, we typically lower rate, offer specials tied to margins on third-party sites, run promotions on Global Distribution Systems (GDS) that include commissions and booking fees, or even play in the opaque booking world.  

  • In today’s ever-changing, online arena, hotels are often faced with bombardment by companies selling something.  Social Media Monitoring tools, Search Engine Optimization (SEO) assistance, Pay-Per-Click advertising, and the list goes on and on.  A big question that I hear lately is, “Do I need an independent website for my hotel?”  My answer to that is “yes.”  And “no”…

  • Transparency is one of those things that is either there or it’s not. You won’t see the word stated in a corporate vision or mission statement but the extent to which financial targets and results are known and shared is most assuredly a deliberate decision made by the company’s senior leadership.

  • December 5, 2011
    LodgingMagazine.com
    Jay Molitor

    It's no secret that profit essentially boils down to two things at a hotel: maximizing revenue and minimizing expenses.  And while they may appear separate from each other at first glance, revenue and expenses are entwined to such an extent that they must be viewed and managed holistically. 

    In fact, the key to controlling your labor expenses - the largest single expense at any hotel - is accurately forecasting and managing your revenue stream.  Here's why.

  • November 15, 2011
    LodgingMagazine.com
    Robert S. Cole

    Work in the hospitality industry as long as I have (since the '80s) and you will inevitably see core principles for success come to light.  Whether it's learning from your own trials and errors or watching the fortunes of your colleagues and competitors rise and fall, I've found that the same basic fundamentals for success come into play time and again.

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