Hospitality Ventures Management Group has acquired Embassy Suites by Hilton hotels in San Rafael, California and Atlanta, Georgia. The transaction was made via a joint venture for an undisclosed sum. HVMG will operate both hotels.
ATLANTA–(BUSINESS WIRE)–Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced the completed acquisition of a two-hotel portfolio comprised of Embassy Suites by Hilton hotels in San Rafael, Calif., and Atlanta, Ga., in a joint venture for an undisclosed sum. HVMG also will operate the 241-suite Embassy Suites by Hilton San Rafael Marin County and the 235-suite Embassy Suites by Hilton Atlanta Perimeter Center.
“With the addition of these two properties, our portfolio now includes nine Embassy Suites hotels, one of the most respected and top performing brands in the industry,” said Robert S. Cole, president and CEO, HVMG. “In addition to access to its state-of-the-art reservation system and award-winning Hilton Honors loyalty program, the Embassy Suites brand provides one of the best all-suite products on the market, making it ideal for business or leisure travelers who appreciate a bit more space to work, play and/or relax. These are perfect additions to our expanding portfolio of full- and select-service hotels that can benefit from improved management and/or significant capital improvements.”
Embassy Suites by Hilton San Rafael Marin County
Located just north of San Francisco at 101 McInnis Pkwy, the Embassy Suites by Hilton San Rafael Marin County is situated across the street from the Marin County Convention Center and Civic Center and is convenient to Napa and Sonoma Wine Country, Northgate Shopping Mall and Sausalito. Suites provide separate bedrooms and living areas, each with an LCD TV, Wi-Fi and a flexible work desk and sofa. Dining options include a free, made-to-order breakfast, Evening Reception with complimentary cocktails and the Grille 101 Restaurant, offering fresh, local food and daily specials in a casual setting. Additional hotel amenities include a tropical atrium with a beautiful serene waterfall, heated indoor pool, whirlpool, fitness center with cardio and weights and the 24-hour BusinessLink™ Business Center with internet and printing access. The hotel also provides meeting/event space capable of hosting up to 500 guests.
Embassy Suites by Hilton Atlanta Perimeter Center
Nestled in the heart of the Atlanta Perimeter area near Dunwoody, the Embassy Suites by Hilton Atlanta Perimeter Center is located at 1030 Crown Point Pkwy, one block from Perimeter Mall, the new Shoppes at Perimeter Place, 1155/1117 Perimeter Center West and Sandy Springs MARTA Station. In addition to the complimentary, daily cooked-to-order breakfast and evening manager’s reception, guests may dine at Expressionz, the perfect location for lunch, dinner or libations. The hotel also provides a full-service business center, fitness room, indoor pool and a grab-n-go convenience store. With a private bedroom and separate parlor area, suites are equipped with a TV in each room, living area with a sofa bed, armchair and well-lit work table, wet bar, refrigerator, microwave and coffeemaker.
About Hospitality Ventures Management Group
Hospitality Ventures Management Group is a privately owned, fully-integrated hotel investment and management group that specializes in turning around and repositioning underperforming hotels, as well as maximizing the performance of stabilized hotels. It currently operates 33 hotels in 17 states totaling 6,209 guest. HVMG operates independent and boutique hotels and resorts, as well as full-service, select service and extended stay hotels under the Hilton, Marriott, Hyatt, and IHG brands. Visit www.hvmg.com for more information.