Close

Cart

Total $0.00

Checkout

ATLANTA, December 11, 2017–-Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has completed the sale of the 146-suite Embassy Suites located in downtown Winston-Salem, N.C.  HVMG will retain management of the property.

“We are excited to remain as manager of the Embassy Suites Winston-Salem,” said Robert S. Cole, president and CEO, HVMG.  “The Embassy Suites retains fantastic upside potential, and we are confident our familiarity with both the hotel and the marketplace will continue to allow it to enjoy market dominance.  With six properties in North Carolina, the hotel and new owner will benefit from the economies of scale and market insights HVMG provides.” 

Situated adjacent to the Benton Convention Center at 460 North Cherry Street, the hotel is a short 10-minute ride from Smith-Reynolds Airport and 20 minutes from Piedmont Triad International Airport.  Hotel guests will enjoy nearby attractions such as the Winston-Salem Downtown Arts District, Piedmont Craftsmen Gallery, Old Salem and more than 75 parks for outdoor activities.

Spacious guest suites provide a private bedroom, separate living room with a sofa bed, armchair, work desk, wet bar, refrigerator, microwave, coffeemaker, flat-screen TV and free Wi-Fi Internet connections.  The hotel’s dining options are comprised of The Grille Restaurant and Bar, and complimentary, made-to-order breakfast, as well as free drinks and snacks at the evening reception. The property has more than 57,000 sq. ft. of event space, including an eight-story atrium that accommodates 600 people, the Gaines Ballroom for weddings and the Grand Pavilion Ballroom, which can host 1,200 people for banquets. Additional amenities include the Glass Door Salon & Spa, a 24-hour fitness center and an indoor pool. 

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 29 hotels in 16 states totaling 5,271 guest rooms. HVMG operates independent and boutique hotels and resorts, as well as full-service, select service and extended stay hotels under the Hilton, Marriott, Hyatt, Starwood and IHG brands. Visit www.hvmg.com for more information.

Contact: Chris Daly

chris@dalygray.com / 703-435-6293

Related News

Investra Capital Group Ltd and Hospitality Ventures Management Group (HVMG) Complete Joint Venture Acquisition of 12 Hotel Portfolio

Hospitality Ventures Management Group (HVMG) Acquires Two Embassy Suites by Hilton Hotels in California and Georgia

Hospitality Ventures Management Group (HVMG) Assumes Management of Sheraton Suites Plantation in Ft. Lauderdale, Florida

Everwood Hospitality Partners Acquires 263-Key Sheraton Suites Plantation for $24.66 Million From PHF Plantation LP

HVMG and Investra Joint Venture Completes Acquisition of TownePlace Suites and Candlewood Suites in Bentonville, Arkansas

Hospitality Ventures Management Group (HVMG) Names Suzanne Saunders Vice-President of Design & Construction

HVMG Names Jason Kern General Manager for Embassy Suites by Hilton St. Augustine Beach Oceanfront Resort

Hospitality Ventures Management Group (HVMG) Appoints Sam Woodworth to Newly Created Director of Acquisitions and Business Development Position

Hospitality Ventures Management Group (HVMG) Sells 261-Suite Embassy Suites by Hilton Atlanta - Galleria

HVMG Converts Former Hilton Suites Phoenix to Embassy Suites by Hilton Phoenix Downtown North

Key International Tops Off Embassy Suites by Hilton St. Augustine Beach Oceanfront Resort

Hospitality Ventures Management Group (HVMG) Opens Plunge Beach Hotel in Lauderdale-by-the-Sea, Florida

Hospitality Ventures Management Group (HVMG) Update on Eight Renovation and Development Projects Totaling Approximately $110 Million

Hospitality Ventures Management Group (HVMG) Appoints Kevin Robert Area General Manager of the Newly Acquired Winston Salem Complex

John Edwards Joins Hospitality Ventures Management Group (HVMG) As Vice President of Design and Construction

Hospitality Ventures Management Group (HVMG) Joint Venture Acquires the Marriott Century Center/Emory Area in Atlanta and Hilton Suites-Phoenix

Hospitality Ventures Management Group (HVMG) Acquires Marriott and Embassy Suites in Winston-Salem, North Carolina

Hospitality Ventures Management Group (HVMG) Adds Courtyard by Marriott Atlanta Airport West to Management Portfolio

Hospitality Ventures Management Group (HVMG) to Manage Independent Boutique Borrego Springs Resort & Spa

Hospitality Ventures Management Group Names Garron Gore Director of Food & Beverage Innovation

All News »

Please login or register to post a comment.