Hospitality Ventures Management Group (HVMG) is assigned the management of the 219-room Fort Lauderdale Marriott Pompano Beach Resort & Spa
Addition expands HVMG’s Florida portfolio to 10 hotels
FT. LAUDERDALE, Florida, December 15, 2021– (BUSINESS WIRE) – Hospitality Ventures Management Group (HVMG), a private Atlanta-based hotel management and investment company, today took over the management of the 219 Fort Lauderdale Marriott Pompano Beach Resort & Spa bedrooms. The property was recently acquired by Key International, a leading international property development and investment firm, and Wexford Real Estate Investors (WREI).
âThe Fort Lauderdale Marriott Pompano Beach Resort & Spa fits perfectly into our strategic plan, which includes partnering with top owners and investors who share the same vision we have for our industry and working with the type of properties that should outperform. now and for the foreseeable future, âsaid Robert Cole, President and CEO of HVMG. âWith the addition of our two Marriott hotels in Orlando earlier this month, our Florida portfolio currently has 10 hotels. It is also our seventh resort, a growing segment for our business. Our pipeline remains active and we look forward to rolling that momentum into the New Year. “
Located at 1200 North Ocean Blvd., the resort is surrounded by the white sands of Pompano Beach and a short drive from Deerfield Beach. Guests may also visit nearby Shipwreck Park, Pompano Park Amphitheater and South Florida Diving Headquarters. Resort amenities range from two swimming pools and a 24/7 fitness center, as well as 8,200 square feet of event space. Guests are invited to dine at AND Fish Kitchen + Bar, which offers fresh, sustainable seafood, or Patio 1200, which offers patio dining and bar service. The resort is also home to an exclusive day spa that offers a variety of massage and wellness packages to relax and rejuvenate. Guestrooms offer elegantly appointed resort accommodations with stunning ocean views, contemporary comforts, marble bathrooms, and upscale amenities.
The property is the latest addition to Key International’s active hotel acquisition program, which focuses on purchasing well-located hotels and resorts in robust markets in the Southeastern United States and in Europe. In partnership with WREI, the company is planning a major renovation of the resort, creating a new resort-style pool deck and improving the room product as well as the on-site restaurant. Together, Key International and WREI have developed several beachfront hotels and resorts with current assets in Panama City Beach, Jacksonville and Fort Lauderdale Beach.
“As we grow our portfolio, we strive to have an impact on the hotel experience in each of our markets,” said Shawn Gracey, executive vice president of hospitality, Key International. “This is our third complex operated by HVMG as we continue to seek the best operating partners in pursuit of our growth objectives.”
About Hospitality Ventures Management Group
Hospitality Ventures Management Group is a fully integrated private hotel investment and management group specializing in the turnaround and repositioning of underperforming hotels, as well as maximizing the performance of stabilized hotels. It currently operates 56 hotels and a convention center in 17 states, totaling 8,999 rooms. HVMG operates boutique, independent hotels and resorts, as well as full-service, select-service and extended-stay hotels under the Hard Rock, Hilton, Hyatt, Marriott and IHG brands. Visit www.hvmg.com for more information.
About Key International
Key International is a full-service real estate company bringing over 30 years of leadership and success in global investments and developments, with offices in Miami and Madrid. With a proven track record of generating excellent returns for partners, the company specializes in real estate projects that enhance clients’ lifestyles through prime locations and quality products. This includes forward thinking considerations for everyday life, work, convenience, entertainment and leisure. Following these principles, Key International is one of the few real estate companies to have demonstrated the ability to succeed in multiple categories of real estate – including condominiums, hotels, multi-family and offices. Such diversification is the cornerstone of its approach and serves to maximize future development and investment opportunities.
With over 10 million square feet of residential development, notable projects include Eden Roc Resort Miami Beach, Marriott Stanton Hotel South Beach, 400 Sunny Isles, 1010 Brickell, and the Riverfront Community Master Plan (a 13.5-acre gated community in downtown Miami). In addition, Key International manages over $ 1.5 billion in assets under its current hotel portfolio of more than 3,000 hotel units. Please visit keyint.com for more information about the company and its portfolio.
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