US: Hospitality Ventures Management Group (HVMG) has been awarded a management contract for the 104-room Residence Inn by Marriott Waco/South in Texas.
Owned by Heritage Hospitality Group, the hotel is under construction and is expected to open in mid-July 2020.
“The Residence Inn by Marriott Waco/South marks our fifth hotel in Texas and our 20th Marriott-branded property,” said Robert Cole, president and CEO of HVMG. “Our familiarity with both the market and the brand will allow us to ramp up quickly as the hotel begins its run towards 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.”
Located at 2424 Marketplace Drive, the four-storey hotel is near Hillcrest Baptist Medical Center, Baylor University and multiple corporate entities. It is situated within the Central Texas Market Place development.
“With their ‘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 Patel, CEO, founder and 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.”
HVMG is an Atlanta-based, private hotel investment, ownership and management company.
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