HVMG, Investra join to buy 12-hotel portfolio

Atlanta-based Hospitality Ventures Management Group has teamed up with Investra Capital on a joint-venture deal to acquire 12 Marriott- and Hyatt-branded hotels in the Southeast, Southwest and Midwest United States, according to a news release. HVMG will operate the portfolio, which totals 1,465 rooms.

“In the first few months of 2018, HVMG has added 16 hotels totaling 2,611 rooms to its portfolio of full- and select-service and extended-stay hotels across the United States, putting us on track for a historic growth year,” Robert S. Cole, president and CEO of HVMG, said in the release.

Hotels in the portfolio include the 146-room Courtyard Atlanta Marietta I-75 North and the 130-room Hyatt House Dallas Richardson.