CEO Message – HVMG update to COVID-19 Read Message

To Our Stakeholders:

Hospitality Ventures Management Group has responded to COVID-19 crisis by managing the delicate balance between associate and guest safety and the conservation of cash & the protection of the hotel assets that have been entrusted to us by our owners and investors. We have organized and prepared to respond to the ever-changing environment, yet retain a strategic eye toward the future, which will allow our hotels to recover and ramp up more quickly. HVMG has been through multiple cycles and is well seasoned to respond to near term, fluctuating market conditions. Like most hospitality companies HVMG made certain staff reductions; however our entire leadership team remains intact, and especially for a company our size we continue to have unparalleled depth, resources and core competencies in every discipline.

HVMG's immediate focus is to optimize short and/or long-term solutions for hotel owners. This clear-eyed approach and our proven revenue maximization and cash conservation playbook, along with HVMG's own Trust & Preparedness Plan will all play a significant role in ensuring our associates and guests feel safe and in good hands. This in turn will drive hotels' recovery and will maximize their cash flows and performance.

Our purpose remains steadfast: To be Excellent in all that we do so our associates, guests and partners LOVE us!" If we can be of any assistance whatsoever, please contact us at hvmgcanhelp@hvmg.com.