PHOENIX/ATLANTA (November 27, 2017) – Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced the completed conversion of the former Hilton Phoenix Suites to the 242-suite Embassy Suites by Hilton Phoenix Downtown North. HVMG, which purchased the hotel in 2016 as part of a joint venture, will continue to operate the property.
“Our familiarity with the market and hotel provided us the insight to realize both the property and our guests would benefit from a full reimagining,” said Robert Cole, HVMG president and CEO. “With properties in California, Colorado, Texas and Oklahoma, we continue to invest heavily West of the Mississippi in hotels in markets with barriers to new entry that can benefit from repositioning, as well as our proprietary management and marketing systems.”
Located at 10 East Thomas Road, the hotel is adjacent to the Thomas/Central Metro Light Rail Station, making the property accessible to Chase Field, Talking Stick Arena and Phoenix Sky Harbor International Airport. Suites offer separate private sleeping and living spaces, complimentary Wi-Fi and 55-inch flat-screen televisions. The hotel features a fitness center, indoor heated pool, business center and 4,350 square feet of flexible meeting space. Dining options include American-inspired cuisine at Salt River Tavern, free made-to-order breakfast and a nightly Evening Reception at the Atrium Bar.
“Our design and construction team worked closely with the brand to ensure a seamless transition from the former Hilton Phoenix Suites to the ‘like-new’ Embassy Suites Phoenix Downtown North,” Cole noted. “From ground-up construction and renovations/repositionings to operations and financing assistance, HVMG has become a truly integrated, one-stop-shop capable of providing for a hotel’s entire investment life cycle.”
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 31 hotels in 16 states totaling 5,754 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.