HVMG Retains Management of The Shores Resort & Spa Following Sale
Tuesday March 18th, 2014 - 10:03AM EO
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ATLANTA, GA—Hospitality Ventures Management Group (HVMG) has retained the management contract for The Shores Resort & Spa in Daytona Beach Shores, FL, after it was purchased by New York-based Garrison Investment Group.
The 212-room resort has been in HVMG’s management portfolio since 2009. HVMG played an active role in assisting with the sale and closing of the transaction.
The Shores Resort & Spa represents the third upscale property HVMG manages for Garrison Investment Group. Earlier this year, Garrison purchased the Hilton Houston Southwest from HVMG and retained HVMG to manage the property.
HVMG manages 41 hotels throughout the U.S. and a total of seven hotels in Florida, including six independent resorts.
Tags: HVMG • Hospitality Ventures Management Group • Garrison Investment Group • The Shores Resort and Spa • Hospitality • Acquisitions • Management Companies •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.