hospitality ventures management group

HVMG has doubled portfolio in past two years

Hospitality Ventures Management Group (HVMG), a privately owned hotel ownership and management group based in Atlanta, today announced that it has assumed management of the Hilton Garden Inn Chicago-St. Charles, The Advanced Center for Training (ACT) and Holiday Inn Express Chicago-St. Charles.  Both hotels and the conference center are located 35 miles west of downtown Chicago, 25 miles from O’Hare International Airport and only two miles from historic downtown St. Charles.

·         Hilton Garden Inn St. Charles 4070 East Main Street, St. Charles, IL 60174; 630-584-0700; 120 guest rooms; 4,128 square feet of meeting space for up to 405 people; onsite business center, restaurant, fitness center and indoor pool; free parking.

·         The Advanced Center for Training (ACT) 4072 East Main Street, St. Charles, IL 60174; 877-99TRAIN; 20,000+ square feet of IACC-certified meeting and conference space; adjacent to Hilton Garden Inn St. Charles; complete meeting packages and day meeting packages; training concierge on duty; ACT business center; continuous break room, free parking.

·         Holiday Inn Express Chicago-St. Charles 1600 East Main Street, St. Charles, IL 60174; 630-584-5300; 122 guest rooms; 1,500 square feet of meeting space; onsite business center, fitness center and heated outdoor pool; complimentary hot breakfast bar; free parking.

“We are excited about bringing in HVMG to operate these great properties.  We felt they were the perfect management company to grow the revenues and maximize our returns,” says David McArdle, President of Oakbrook Companies, Owner and Developer.

“Per our strategic plan, HVMG is in an accelerated growth mode, having added nine hotels in the past four months and nearly doubling our portfolio in the past two years,” says HVMG President & CEO Robert Cole.  “Our continued growth is a testament to HVMG’s platform of comprehensive services and our team members’ ability to consistently deliver outstanding results by growing market share while also managing excellent expense margins.  We’re confident we can improve the results of these two excellent Chicago-area properties and adjacent IACC-certified conference center.”

HVMG added eight hotels to its portfolio in 2011 (a 36% growth rate).  In 2010, HVMG added seven hotels (a 33% growth rate) despite one of the tougher operating and growth environments in the history of the hotel industry.  According to Mary Beth Cutshall, HVMG VP Acquisitions & Business Development, the firm is poised to continue double-digit annual growth through the foreseeable future. 

About Hospitality Ventures Management Group

Hospitality Ventures Management Group is a privately owned, fully-integrated Atlanta-based hotel ownership and management group that specializes in turning around and repositioning underperforming hotels.  The firm currently owns and/or operates 34 hotels in 16 states (coast to coast) totaling more than 6,200 guest rooms.  Total portfolio revenue exceeds $170 million and 25 of the hotels operate under Hilton or Marriott franchise agreements.  Visit www.hvmg.com for more information. 

About Oakbrook Companies

Oakbrook Companies is a privately owned commercial and residential developer based in St. Charles, Illinois.  The firm has developed over 5,000 homes, 1.5 million square feet of commercial space and 2,000 hotel rooms throughout the United States.  Visit www.oakbrookco.com for more information.