Embassy Suites
The 261-key Embassy Suites by Hilton Atlanta Galleria is conveniently located in the Cumberland Galleria area of Cobb County in northwest Atlanta, which is home to several corporate and leisure demand generators including Home Depot's Headquarters and the Atlanta Braves. HVMG acquired the hotel in December 2014 and took over management. The Hotel underwent a transformative $11.8 million renovation, which was completed by Q3 2016. HVMG successfully sold the hotel in 2017 while retaining management.
HVMG Improved Performance
(prior to sale)
Revenue grew $600K during first year
NOI grew $943K or 38.1% during first year
HVMG Performance
(as of YE 2019)
NOI $5.2M; grew $2.4M or 98% since original acquisition
After sale, ADR up another 101.1%
HVMG Acquisition and Management Takeover
HVMG Acquisition and Management Takeover
Revenue
$13.1M
Net Operating Income
61.1%
Average Daily Rate Increase
23.3%
