Hospitality Ventures Management Group (HVMG) Assumes Management of Kentucky’s The Inn On Broadway Lexington
Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has signed a management agreement to operate the Inn On Broadway in Lexington, Kentucky.
"Particularly during the current environment, hotel owners are turning to trusted and proven operators to help their hotels maximize performance and weather the on-going crisis," said Robert Cole, president & CEO, HVMG. "HVMG has been through the highs and lows of multiple cycles, making us as prepared as possible to navigate through the pandemic. We have come up with a number of solutions and adjustments to our business model and operating cost structure to mitigate the downturn in revenue while also keenly focused on revenue share shifting."
Situated at 1301 South Broadway in downtown Lexington, the four-story hotel is well suited to meet the needs of business and leisure travelers. Nearby attractions include the University of Kentucky, Red Mile and Lexington Convention Center and multiple, local eateries. In addition, the property is less than six miles from the Blue Grass Airport and the legendary Keeneland Thoroughbred Racecourse. All guestrooms include an oversized workspace, microwave and complimentary Wi-Fi. Other hotel amenities include a business center, workout room and a daily continental breakfast.
"The hotel benefits from an irreplaceable location in downtown Lexington, with numerous demand generators for both business and leisure travelers," Cole added. "The property will be undergoing an extensive and comprehensive renovation in the foreseeable future and repositioned as an upscale independent boutique hotel. HVMG looks forward to bringing our extensive management and resource platform to execute this plan and increase ownership value."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
