Tuesday March 4th, 2014 - 9:40AM
ATLANTA, GA—Hospitality Ventures Management Group (HVMG) has sold the 292-room Hilton Houston Southwest to New York-based Garrison Investment Group. HVMG was retained as manager for the hotel, which has been in HVMG’s management portfolio since 2002.
“We are excited to enter this new management chapter with Garrison as the owners of the Hilton Houston Southwest. Partnering together, I am confident the property will continue to be a top performer in the Houston market,” stated Robert Cole, HVMG president & CEO. “Garrison recognized HVMG’s proven operational expertise, hands-on-management style, knowledge of the Houston market and a track record of maximizing property performance and value.”
“HVMG brought us an excellent off-market investment opportunity that was made all the more attractive by being able to keep its proven and successful management team in place,” stated Chuck Pomerantz, managing director of Garrison Investment Group. “Retaining HVMG to manage the Hilton Houston Southwest was an easy decision given the firm’s proven track record at this hotel and their outstanding industry reputation for maximizing ownership value.”
The Hilton Houston Southwest is located at 6780 Southwest Freeway, close to the I-610 loop and the Houston Galleria and only 10 miles from downtown Houston. The full-service hotel features over 13,000 sq. ft. of flexible meeting space and complimentary local shuttle service.