HVMG Awarded Management of Two New-Builds

ATLANTA—Hospitality Ventures Management Group (HVMG) will manage both the 104-room Residence Inn by Marriott Waco/South in Texas and the 506-suite Embassy Suites by Hilton Nashville Downtown Convention Center.

Residence Inn by Marriott Waco/South
Owned by Heritage Hospitality Group, the hotel, which is currently under construction, is expected to open in mid-July. The four-story hotel is near Hillcrest Baptist Medical Center and Baylor University, and is situated within the Central Texas Market Place development. The open-air shopping center features more than 60 retail and dining options. Hotel amenities will include a half-sport court, outdoor pool, outdoor patio, meeting room and fitness facility.

“The Residence Inn by Marriott Waco/South marks our fifth hotel in Texas and our 20th Marriott-branded property,” said Robert Cole, president/CEO, HVMG. “Our familiarity with both the market and the brand will allow us to ramp up quickly as the hotel begins its run toward segment leadership for guests looking for a little more space. Additionally, our ability to create economies of scale and share best practices will benefit the hotel’s profitability and guest satisfaction scores.”

Designed for long stays, the property will offer suites with separate living, working and sleeping zones, as well as fully functional kitchens. Complimentary grocery delivery service, a 24-hour markets and complimentary breakfast will also be available.

“With its ‘Be Excellent’ culture that enables empowered associates and gratified partners, HVMG easily stood out from the competition as the only operator for this unique hotel,” said Hiren “Chico” Patel, CEO/founder/managing principal, Heritage Hospitality Group. “Waco is one of Texas’ hidden gems, with more than 1.7 million visitors in the first seven months of 2018 alone. With HVMG at the helm, the Residence Inn quickly will exceed the expectations of guests to this charming town.”

Embassy Suites by Hilton Nashville Downtown Convention Center
Scheduled to open during the fourth quarter of 2021, the Embassy Suites is part of a two-tower development project on 1.3 acres of land owned by Crescent Real Estate LLC, Starwood Capital Group and High Street Real Estate Partners.

“As HVMG expands its portfolio of managed and owned hotels across the United States, we will continue to seek ‘best-in-class’ partners such as Crescent Real Estate, Starwood Capital Group and High Street Real Estate Partners to achieve our growth goals,” said Cole. “This two-tower project immediately will become one of the most exciting lodging options not only in Nashville, but the entire country. In a town already known for its high caliber hotels, this is no small feat.”

The property joins the Embassy Suites portfolio as the second largest in the brand. The 30-story hotel will be adjacent to Music City Center, Nashville’s $625-million, 2.1-million-sq.-ft. convention center.

The hotel will feature more than 32,000 sq. ft. of meeting and event space, and several F&B and entertainment options. Amenities will include a rooftop pool, event area, bar and dedicated indoor and outdoor wellness areas.