HVMG adds Colorado Holiday Inn to portfolio

Hospitality Ventures Management Group (HVMG) has added the 117-room Holiday Inn Steamboat Springs in Steamboat Springs, CO, to its portfolio of third-party managed hotels across the U.S. The hotel is owned by Mission Hill Hospitality, an affiliate of KSL Capital Partners, focused on select-service and extended-stay hotels.

“With an appetite for sustainable growth to our ever-expanding portfolio of third-party managed hotels, we will continue to seek ‘best-in-class’ partners like Mission Hill,” said Robert S. Cole, president/CEO, HVMG. “This marks our sixth hotel together, and we look forward to additional partnerships moving forward.”

Located in the Rockies, the Holiday Inn is near area attractions such as the Steamboat Ski Resort, Yampa and Elk Rivers, Strawberry Park Hot Springs and Old Town Hot Springs & Fitness Center. Hotel amenities include a business center, Mountainside Grill & Bar, 880 sq. ft. of meeting space, an indoor pool and hot tub, a seasonal outdoor pool and hot tub and a 24/7 fitness center. Guestrooms provide a refrigerator, microwave, coffee maker, iron, hair dryer, a desk and free internet access.

All the brand’s hotels use the IHG Green Engage system, an online environmental sustainability system that gives hotels the means to measure and manage their environmental impact.

“We added five hotels last year and plan to ride that wave well into and beyond the new year, as we have several new ventures on the horizon,” Cole added. “Our consolidated company-wide market share performance across all hotels year-to-date has increased 7.6% over last year. We are confident that 2023 will prove to be a record year in multiple metrics for both HVMG and the industry.”