hospitality ventures management group

Pittsburgh-area hotels represent 17^th & 18^th Hilton-branded properties in HVMG Portfolio

Atlanta, GA (January 24, 2012) — Hospitality Ventures Management Group (HVMG), a privately owned hotel ownership and third-party management group based in Atlanta, today announced that it has assumed third-party management of the Hampton Inn & Suites-Meadow Lands and Homewood Suites by Hilton Pittsburgh-Southpointe.  The two Pittsburgh-area hotels are owned by an affiliate of RockBridge Capital.

• Hampton Inn & Suites-Meadow Lands 475 Johnson Rd., Washington, PA 15301; 1-724-222-4014; 103 guest rooms; located near The Meadows Race Track and Casino and Tanger Outlet, only 35 minutes from Pittsburgh International Airport.
• Homewood Suites by Hilton Pittsburgh-Southpointe 3000 Horizon View Dr., Canonsburg, PA 15317; 1-724-745-4663; 113 guest rooms; located just off I-79 in the Southpointe Business Park, only 30 minutes from Pittsburgh International Airport.

“The addition of these properties increases HVMG’s portfolio to now include 18 Hilton branded hotels,” says HVMG President & CEO Robert Cole.  “Our continued growth in third-party managed properties 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.”  

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 third-party management group that specializes in turning around and repositioning underperforming hotels.  The firm currently owns and/or operates 32 hotels in 16 states (coast to coast) totaling more than 6,000 guest rooms.  Total portfolio revenue exceeds $170 million and 24 of the hotels operate under Hilton or Marriott franchise agreements.  Visit www.hvmg.com for more information.