Hospitality Ventures Management Group (HVMG), a leading third-party hotel operator based in Atlanta, has expanded its portfolio by taking over management of the Embassy Suites by Hilton Bloomington/Minneapolis. This move signifies HVMG’s commitment to strategic growth and reinforces its position as a major player in the hospitality industry.
As part of this acquisition, HVMG has embarked on a comprehensive $9 million renovation project. This ambitious undertaking aims to modernize the hotel’s guest rooms, public spaces, restaurant, and other facilities, creating a ‘like-new’ experience for guests. The renovation is anticipated to be completed within six months, resulting in a significantly revitalized and enhanced property.
The Embassy Suites, strategically located at 2800 American Blvd. West, boasts a prime location just ten minutes away from the Mall of America. Its proximity to downtown Minneapolis, Valleyfair Amusement Park, and Minneapolis-Saint Paul Airport makes it a highly convenient choice for travelers seeking a well-equipped and comfortable stay.
The hotel’s impressive amenities include an indoor pool, a 24/7 fitness center, and complimentary Wi-Fi. Guests can enjoy modern American cuisine at the Iron Range Restaurant & Bar or take advantage of the complimentary breakfast and evening reception. The property also features 5,600 square feet of meeting space, complete with on-site audiovisual specialists, making it an ideal venue for business events and gatherings.
This significant investment in the Embassy Suites’ renovation is expected to have a positive impact on both the local travel industry and the broader hospitality sector. The upgrade will elevate the guest experience, positioning the hotel as a premier choice for travelers in the Minneapolis area. HVMG’s expertise in managing Hilton-branded projects and overseeing major refurbishments further bolsters the hotel’s market presence.
The Minneapolis area continues to exhibit strong performance, with forecasts predicting positive revenue per available room (RevPAR) growth over the next five years. This trend aligns perfectly with HVMG’s strategic growth plan, which emphasizes expanding its presence in high-performing markets across the US.
By investing in the Embassy Suites’ facilities and capitalizing on its strategic location, HVMG aims to leverage these positive market conditions to ensure the property meets modern standards and attracts a diverse range of travelers. This investment underscores HVMG’s commitment to operational excellence and its broader goal of driving growth and innovation within the hospitality industry.
