HVMG Awarded Management of Sheraton Read House Hotel Chattanooga
Landmark hotel listed on National Register of Historic Places
February 20, 2013 - Hospitality Ventures Management Group (HVMG), a privately owned hotel ownership and management firm based in Atlanta, today announced that it has assumed management of the 241-room Sheraton Read House located at 827 Broad St. in downtown Chattanooga, TN. HVMG now has a portfolio of 42 hotels located in 17 states.
“Recently, HVMG was approved to third party manage Starwood brands including Luxury Collection, Westin, and Sheraton so as 2013 progresses, we expect to add more upscale full-service Starwood properties to our portfolio like the Sheraton Read House Chattanooga,” says HVMG President & CEO Robert Cole. HVMG has more than doubled the size of its portfolio since the beginning of 2010. It added nine hotels and two conference centers to its portfolio in 2012 after adding eight hotels in 2011 and seven hotels in 2010.
The Sheraton Read House is conveniently located in the heart of downtown Chattanooga along the city's free electric shuttle line near the Chattanooga Trade and Convention Center, Tennessee Aquarium and other attractions. Listed on the National Register of Historic Places, the Read House was built in 1927 and has hosted a long list of dignitaries and celebrities including Winston Churchill, Ronald Reagan, Al Capone and Oprah Winfrey.
The landmark, 10-story brick and terra cotta hotel was built in the Georgian Style and adorned with lavish appointments such as carved and gilded woodwork, and Waterford chandeliers. Meticulously restored to its original grandeur, the Sheraton Read House Hotel Chattanooga features renovated guest rooms with the luxurious Sheraton Sweet Sleeper™ bed and Drexel Heritage furniture, 19,000 square feet of meeting space including the majestic Silver Ballroom, new state-of-the-art exercise facility, new indoor heated pool, 24-hour valet parking, private Club level/lounge, 24-hour business center, the upscale Porter's Steakhouse serving breakfast, lunch and dinner, a Starbucks® Coffeehouse, and room service.
About Hospitality Ventures Management Group
Ranked among Atlanta's Top 10 Fastest Growing Private Companies by the Atlanta Business Chronicle in 2012, Hospitality Ventures Management Group is a privately owned, fully-integrated hotel ownership and management group that specializes in turning around and repositioning underperforming hotels. The firm currently operates 42 hotels in 17 states (coast to coast) totaling 7,456 guest rooms. HVMG operates independent, boutique hotels, resorts, full-service, select service and extended stay branded hotels for Hilton, Marriott, Hyatt and Starwood brands. Visit www.hvmg.com for more information.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
