Friday, September 8, 2023

HVMG Expands Portfolio & Bolsters Leadership Team while Continuing to Achieve Industry Leading Financial Results

Sue Sanders

ATLANTA, GA — Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel third-party operator and investor, is expanding and fortifying its leadership team as the company surges ahead, powered by its industry leading market share growth and impressive financial performance.

 

The strategic promotions and new leadership team additions include Sue Sanders to executive vice president, chief strategy and administrative officer; Wilson Turner to senior vice president, human resources; Angie Cook to senior vice president of accounting and finance; Suzanne Saunders to senior vice president of design and construction; and Bob Kisker to vice president of operations. 

 

"The addition of nine hotels in just the first half of this year is a direct reflection of the stellar financial performance delivered by our hotel operating teams, combined with the hands-on efforts and oversight from our growth team and above property corporate resource and support teams,” said Robert Cole, CEO, HVMG.

 

These recent leadership promotions and additions are an integral step towards HVMG's quest for continued unparalleled financial success, while executing its strategic growth objectives.

 

Based on its current pipeline, HVMG anticipates that its accelerated growth trajectory will continue, reinforcing the company’s decision to augment its leadership team and corporate resources. 


As it stands today, HVMG has approximately 1.2 corporate associates for every HVMG hotel.

 

“The dedication and focus of Sue, Wilson, Angie, Suzanne and Bob, along with our other 60-plus above property corporate team members has been more than excellent," Cole added.

 

"These promotions reflect one of our philosophies that if organizations are not constantly evolving and consistently looking at ways to improve, they can stagnate and not develop. 


"We are very passionate about looking inward when openings and new positions are created, and we recognize that maximizing the top- and bottom-line performance of our existing portfolio is our top priority and most important pathway to achieving our growth objectives."


From January to June 2023, HVMG's key performance metrics soared compared to most of its competitors and the rest of the industry, evidenced by a same-store RevPAR growth of 13% and an impressive 6% in consolidated market share/RevPAR index growth.

 

The company has grown consolidated market share in seven of the past eight years.

 

"In the first half of 2023, HVMG again set an industry benchmark, demonstrating robust same-store and portfolio-wide performance across financial, market share and guest satisfaction measures.

 

 "Our consistent upward trajectory is a testament to our unwavering commitment to our purpose …To be excellent in all that we do so our associates, guests and partners LOVE us!” Cole stated.


Sue Sanders, Executive Vice President and Chief Strategy and Administrative Officer    

     

            In her new role, Sanders works with company leaders to define strategies to extend and defend the company in the short-term, build emerging capabilities in the medium-term and create viable options for the long-term. 

 

She provides oversight for accounting & finance, human resources & talent and corporate public relations & marketing communications.

 

Sanders joined HVMG in 2010 as vice president of strategic planning and human resources.

 

 During her tenure with the company, she has been responsible for many strategic initiatives and teams, including the design and build of HVMG’s company brand, strategic plan and management routines; design and oversight of the property transition process and playbook; leader of the development of all core human resources and talent programs; and leader of the investor, brand partner and General Manager annual satisfaction assessment process. 


More recently, she led the design and build of HVMG’s Talent Acquisition Center of Excellence (TACOE), the company’s centralized talent recruiting team, and XLR8, a fast-track program to develop new select-service general managers.

 

 

 Also under her direction, HVMG has received the Atlanta Journal and Constitution’s “Top Workplaces” award five times in a row. 


Prior to joining HVMG, Sanders worked as a management consultant for eight years supporting leading organizations to improve their enterprise performance management processes through strategic planning and related methods for clients including The Coca-Cola Company, Marriott International and the American Red Cross.

 

Before then, she worked in the hotel industry in positions across organizational development, training, quality management and hotel operations for The Ritz-Carlton Hotel Company, Lodgian, Inc., and Starwood Hotels and Resorts.

 

Her hospitality industry experience also includes a five-year adjunct faculty appointment at New York University's Robert Preston Tisch Center for Hospitality Travel and Tourism.

 

            Sanders serves on the Hospitality Board of Directors for Georgia State University and the Georgia Women in Lodging Steering Committee. She holds MBAs from Columbia Business School and London Business School and a BS in Marketing from The Florida State University.


Angie Cook

Angie Cook, Senior Vice President of Accounting and Finance

 

            In her new position, Cook will oversee the total accounting function for the organization, expanding her role to oversee the management company financials, risk management and information systems. 

 

 She joined HVMG in October of 2015 as the vice president of accounting and finance. 

           

Cook is a certified public accountant with more than two decades of hospitality experience, working with REITs and start-ups on such topics as organization re-structuring and SEC reporting.

 

 Prior to joining HVMG, Cook was the controller of Intown Suites Extended Stay Living, vice president at Cratos Capital and manager of accounting and general manager at Lodgian. 

 Cook has a BS in Business Administration and Accounting from Troy State University.


Suzanne Saunders

 Suzanne Saunders, Senior Vice President of Design and Construction

 

As senior vice president of design & construction, Saunders is responsible for the team leading the execution of HVMG's many renovations and development projects, as well as project management and CapEx processes, working closely with owners, the HVMG business Development team, external consultants and the company's investor and brand partners.

           

Most recently, Saunders served as senior vice president of construction for First Hospitality where she oversaw over $90mm in new construction and renovations. 

 

Prior to that, she was vice president of design and construction for HVMG and vice president of design services for Hyatt Hotels for the Americas with a focus on launching the Hyatt Place and Hyatt House brands. 

 

Saunders previously worked in a variety of corporate real estate and development management roles for companies like Panera Bread, Jack-in-the-Box, American Airlines and Taco Bell. 

 

She was an industrial engineer with LTV Aerospace/Northrup Grumman, where she held a secret military clearance supporting the design and manufacturing of the B-2 Stealth Bomber Program. 

 

Saunders holds a BS in Industrial Technology and an AAS in Drafting Technology from Lamar University.


Wilson Turner

 

Wilson Turner, Senior Vice President of Human Resources

 

As senior vice president of human resources, Turner is responsible for sourcing and developing talent, executing the TACOE and XLR8 programs and supporting core human resources programs and services.

 

Among other things, Turner oversees associate relations, HR compliance, human resources leader development, benefits programs and associate engagement. 

 

With three decades of leadership experience, Turner began his human resources career in manufacturing and subsequently spent a large portion of his career in the media and entertainment industry where he served in various senior leadership roles.

 

Turner began working with HVMG through a professional employer organization (PEO) partnership in 2017 and officially joined the HVMG team in 2020.

 

He has significant experience in acquisitions, growth-oriented companies, compliance, organizational and leadership development and employee relations. 

 

Turner holds an MBA from Saint Leo University and a BA in Business from North Carolina State University.


Bob Kisker

 

Bob Kisker, Vice President of Operations

 

As vice president of operations, Kisker supports HVMG's hotels in delivering premium performance that creates value for owners.

 

He joined HVMG in 2018 as general manager and was quickly promoted to area general manager in 2019 and regional director of operations in 2022, successfully working to increase profitability, guest service and RevPar index in the hotels he oversaw.  He is a member of the Circle of Excellence, HVMG's highest honor. 

 

Before his time at HVMG, Kisker worked for 16 years for the Dow Hotel Company as a general manager and then regional director of operations over the company's hotels in Texas and Pa., as a general manager at Starwood Hotels and Resorts and a general manager for Boykin Management Company. 

 

Kisker has a degree in Hotel Administration from the University of Tennessee.


About Hospitality Ventures Management Group


Robert S. Cole

Hospitality Ventures Management Group is a privately owned, fully integrated hotel investment and management group that specializes in turning around and repositioning underperforming hotels, as well as maximizing the performance of stabilized hotels.

 

HVMG currently operates 54 hotels and one convention center in 18 states totaling 8,800 guest rooms.

 

 HVMG operates independent and boutique hotels and resorts, as well as full-service, select-service and extended-stay hotels under the Marriott, Hilton, Hard Rock, Sonesta and IHG brands.

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 Contact:

 

 Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

 

www.hvmg.com  

Dimension Hospitality Welcomes Jeff Shockley

 

Jeff Shockley
 
FORT LAUDERDALE, FL--Greg Friedman, CEO of Dimension Hospitality, a nationally recognized hotel management and development company, has named Jeff Shockley as Executive Vice President of Development and Analytics responsible for growing the company’s portfolio of nearly 80 all-suite, full, and select-service hotels and expanding operational and analytical technologies.

 

In his previous role, Shockley helped develop and open more than 50 hotels under Marriott and Hilton flags and led the business intelligence team.


Greg Friedman

Jeff is an accomplished hotelier who started as a hotel sales manager and worked his way into positions of increasing responsibility,” Friedman said. 

 

“He brings a rare combination of operational insights, business intelligence expertise and an exceptional track record of identifying and delivering management contracts and development opportunities.  He is also a great fit for our people-first company culture.  I have every confidence he is the right person to help us move to the next dimension of our company’s history.”

  

Contacts:


MaryGrace McCaffrey                                                          Lauralee Dobbins

Dimension Hospitality                                                            Write Touch Public Relations

MaryGrace.McCaffrey@dimensionhospitality.com               Lauralee@WriteTouchPR.com

203-451-2286                                                                          856-979-8929

 

 

 

Thursday, September 7, 2023

Australia-based battery technology company chooses Rancho Santa Margarita, California for first U.S. location

  

Sofi Choi

 RANCHO MARGARITA, CA –– Confirming growth of renewable energy companies in Orange County, California, JLL announced EVO Power USA, Inc., a leader in battery energy storage based in Australia, has signed a 15,070-square-foot industrial lease at 30452 Esperanza in Rancho Santa Margarita, California. 


Kris Smith

This will be EVO Power USA, Inc.’s first location in the United States.  The company will use the space for design engineering, assembly, testing and distribution of battery energy storage systems.


Steven Chon

JLL’s Kris Smith, Sofi Choi and Steven Chon represented EVO Power USA, Inc. in the lease.  The landlord, Fauna 43, LLC, was represented by Mark Jerue, Craig Fitterer, BJ Fell and GianCarlo Spinosi of Lee & Associates. 


GianCarlo Spinosi
“After searching locations in several other Western states for our first U.S. location, we chose the Orange County, California area because of the area’s growth in renewable energy as well as the access to premier labor in this speciality,” said Jamie Allen, Group CEO of EVO Power.

 

Kris Smith, JLL Vice President, continued by saying “As growth from ecommerce companies in Orange County slows slightly, we are seeing increased interest for industrial space from renewable energy companies especially as the federal government has been extending subsidies to manufacturers of clean energy technologies in the U.S. under the Inflation Reduction Act.”


Jamie Allen
About JLL

 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties.

 

 A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise.


Mark Jerue
Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM.

 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 

Contact

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry: 

 I do what I love and love what I do.”

 

jll.com.

 

Monday, September 4, 2023

Two of Black Lion’s trophy restaurant properties hit the market in Miami, FL

Robert Rivani

MIAMI, FL Robert Rivani’s Black Lion announced the company is listing two, market-dominant, triple-net-leased, trophy restaurants located in Miami, Florida.


The 10,916-square-foot GEKKÅŒ  at 8 S.E. 8th Street 
 is across the street from Brickell City Centre, 
a $1 billion landmark mixed-use
development in Miami's
 thriving financial district


The coveted properties include GEKKÅŒ, a Japanese-inspired steakhouse in the Brickell Financial District, and Amara at Paraiso, a waterfront Latin American dining experience located in the Edgewater neighborhood.

 

 
The 12,316-square-foot 
Amara at Paraiso 
sits at 3101 N.E. 7th Avenue in the
vibrant Edgewater neighborhood
just north of Downtown Miami


JLL Capital Markets is co-listing the assets alongside FA Commercial. Anticipated pricing for the properties together is expected to be north of $55 million.


Bad Bunny

“Our vision at Black Lion’s is to acquire and transform properties into trophy assets that redefine the areas where they are located,” said Rivani, president of Black Lion.


David Grutman

“We brought in two world-class restaurant brands that have elevated the luxury hospitality scene and become cornerstones for their respective neighborhoods.

 

"Passing along the torch for these jewel assets is the natural next step as we move on to bigger projects on the horizon.”


Chef Michael Schwartz
.
Backed by recording artist Bad Bunny and hospitality innovator David Grutman, the 10,916-square-foot GEKKŌ located at 8 S.E. 8th St., opened in August 2022 and quickly gained international popularity.

 

 The property features a luxe steakhouse and late-night entertainment lounge. GEKKÅŒ is across the street from Brickell City Centre, a $1 billion landmark mixed-use development that is the opulent epicenter of the thriving Brickell Financial District.


Alex Sharrin
The property is also adjacent to Mary Brickell Village, a 200,503-square-foot, grocery-anchored mixed-use center that has been the commercial core of Brickell since 2008. The transit-oriented area is surrounded by 18.4 million square feet of office and 147,000 daytime employees within 10 blocks.

 

Completed in 2018, the 12,316-square-foot Amara at Paraiso sits at 3101 N.E. 7th Ave., in the vibrant Edgewater neighborhood just north of Downtown Miami.

 

The restaurant provides guests with a unique dining experience from The Genuine Hospitality Group, led by James Beard Award-winning chef and restaurateur, Michael Schwartz.

Jeffrey Cicurel 



The indoor-outdoor space includes a main dining room and bar seating for 150, floor-to-ceiling windows, Biscayne Bay views and deck seating for 70 on the water.

 

The property’s location provides exceptional connectivity to all major submarkets in eastern Miami via Biscayne Boulevard, Interstate-195, the Macarthur Causeway, Interstate-95, Interstate-295 and the Dolphin Expressway.

 

The asset is also within walking distance to major demand drivers, including Wynwood and Design District.


Noel O’Donnell

Both assets have over 15 years of remaining lease term, durable in-place cash flow, superior tenant sales and future densification potential at pricing significantly below replacement cost.

 

The JLL Capital Markets Investment Sales and Advisory team representing the seller is being led by Senior Managing Director Alex Sharrin, Director Jeffrey Cicurel and Analyst Noel O’Donnell.

 

“JLL is excited to bring to market two of Miami’s marquee restaurants. With a lack of available space in Brickell and Edgewater, these powerhouse brands have unique staying power further solidified by long-term lease commitments and underlying real estate,” said Sharrin. “We expect private capital both domestic and abroad to flock to this high-profile opportunity.”

 

Brickell City Centre

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

Mary Brickell Village

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

 

Contact

 

 Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 543 5873

Email: Kristen.Murphy@jll.com

 

jll.com. 

 


 

 

JLL closes $41 million sale of 7 Post Office Square in Boston

 Ines Olesen

BOSTON, MA –  JLL Capital Markets has closed the $41 million sale of 7 Post Office Square, a seven-story, 64,246-square-foot office building in the heart of Boston’s Financial District.


Dave Dyer

JLL represented the seller, Nuveen Real Estate, and identified the buyer, Azora Exan Capital, following a formal marketing process. The sale represents the first office trade in the Boston market since January 2022.


Chris Angelone
Located at the intersection of Franklin and Congress St, 7 Post Office Square boasts a prime Financial District location fronting Post Office Square.

The transit-oriented building is across the street from the Post Office Square Garage and just minutes from South Station, as well as multiple MBTA stations and the commuter ferry.

The immediate area surrounding 7 Post Office Square offers an abundance of amenities, including a variety of restaurants and hotels, including the newly updated Langham Hotel, High Street Place and The Exchange at 100 Federal Street.

Coleman Benedict

The boutique commercial property has a prominent corner location allowing for light on four sides of the building and offers floor-to-ceiling windows, efficient floorplates and a highly visible lobby featuring a Fidelity investor center branch.

Overall, 7 Post Office Square is 91 percent leased to eight tenants and anchored by Fidelity Investments, who has occupied the building since 1996.

The JLL Capital Markets Investment Sales and Advisory team representing Nuveen was led by Senior Managing Director Chris Angelone, Executive Managing Director Coleman Benedict, Senior Director Scott Carpenter and Associates Scott Tully, Jr. and Brooke Howard and Analyst Rachel Bliss.

Scott Carpenter 
The Nuveen team was led by Ines Olesen, Senior Director, US Head of Dispositions for Workplace, Retail and Mixed-Use, and Dave Dyer, Director, for Workplace, Retail and Mixed-Use.

The Azora Exan team was led by Managing Partner Ignacio Gil-Casares and Senior Associate Nicolas Guemes.

“7 Post Office Square was a unique opportunity with value permanence based on its prime location, architecture, and visibility,” Angelone said. “This deal validates investor appetite for differentiated assets in the right location.”

Scott Tully, Jr

“7 Post Office Square offers exactly what investors are seeking in today’s market: best-in-class product with long term lease and strong tenancy,” added Nuveen’s Olesen.

Gil-Casares remarked, “7 Post Office Square is the perfect example of the opportunity that we see to buy trophy office buildings in prime locations.  We want to continue this opportunistic strategy in select markets.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

Rachel Bliss

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

Brooke Howard

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

 

Contact

 

 Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 543 5873

Email: Kristen.Murphy@jll.com


jll.com.