Embassy Suites
Located on beautiful St. Augustine Beach near popular restaurants and shops, just minutes from historic St. Augustine, the 175-key Embassy Suites opened December 2018. Hilton recommended HVMG to developer based on operational expertise. HVMG provided Technical Management Services during construction and is managing the Hotel post opening.
Running 176% RevPAR index by 6th month of operation, 138% RevPAR index by YE
First 6 months RevPAR $169, Second 6 months RevPAR $216
Because the property was operating so well, Ownership pushed up a longer-term expansion plan and added an additional 42-keys in Dec 2021
HVMG Acquisition and Management Takeover
HVMG Acquisition and Management Takeover
HVMG provided technical management services during construction and is managing the hotel post opening.
Occupancy in the first year
80%
YE 2022 Room Revenue Increase
11.3% up to $19mm
YE 2022 RevPAR Index
153.3
