Hospitality Ventures Adds 42nd Hotel to Portfolio

ATLANTA—Hospitality Ventures Management Group has added three hotels to its portfolio in the past two months and formed strategic partnerships with Gabriel Holdings and shared workspaces firm Serendipity Labs that could substantially increase its owned and third-party managed assets over the next two years.

“While 2014 has been a strong year for most of the hospitality industry, it looks like it could well be the best year since we started in 2001, in terms of growth and diversification,” says Robert Cole, president and CEO of HVMG. “Historically, we have been known for our turn-around prowess, and now that we are at the place in the cycle where major repositioning has somewhat subsided, we are expanding into new territories, including new brand segments, and establishing new, best-in-class partnerships.”