Hospitality Ventures Management Group (HVMG) Assumes
Management of
232-Suite Embassy Suites by Hilton Bloomington/Minneapolis
HVMG
to Oversee $9 Million Renovation Project to Upgrade Guest Rooms and Public
Spaces
BLOOMINGTON, Minn., Sept. 12, 2024—Hospitality Ventures Management
Group (HVMG), an Atlanta-based third-party hotel operator and investor, today
announced it has assumed management of the 232-suite
Embassy Suites by Hilton Bloomington/Minneapolis. The company also will oversee a $9 million renovation
project to upgrade guest rooms, public space, restaurant and back-of-house
items.
"Between our long-standing history and familiarity operating this and other Hilton-branded
projects and our expertise overseeing major hotel refurbishments, the Embassy
Suites by Hilton Bloomington/Minneapolis is an ideal addition to our growing
nationwide portfolio that further expands our Midwestern reach," said Michael
"Woody" Woodward, EVP and chief growth officer, HVMG. "The renovation on the property will take approximately
six months, and once completed, the hotel will achieve 'like-new' status,
effectively making it the newest hotel in the market in the past few years."
Located at 2800 American
Blvd. West just ten minutes from the Mall of America, the pet-friendly,
all-suite hotel is less than twenty minutes from downtown Minneapolis, Valleyfair Amusement Park and Minneapolis−Saint
Paul Airport. Hotel amenities include an
indoor pool, 24/7 fitness center and complimentary Wi-Fi throughout the
property. Guests may dine at the Iron
Range Restaurant & Bar, which serves
modern American cuisine, or enjoy a daily, complimentary breakfast and
evening reception. The hotel also
provides 5,600 square feet of meeting space with on-site A/V specialists. All suites provide separate living and
sleeping areas.
"Lodging Analytics Research &
Consulting (LARC) maintains its high rating of the Minneapolis area," Woodward
added. "Forecasts for the next five
years show positive RevPAR (revenue per available room) outpacing most other
MSAs throughout the U.S., and HVMG looks to further expand its footprint in
these and similar markets."
