Hotel Announcements
Pipeline27 May 2020

Residence Inn by Marriott Waco/South

Heritage Hospitality Selects HVMG to Manage Residence Inn by Marriott Waco/South in Texas

Scheduled for Mid-July 2020 – 104 Rooms

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Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it was awarded management of the currently under-construction, 104-room Residence Inn by Marriott Waco/South in Texas. Owned by Heritage Hospitality Group, a hospitality ownership/development/construction management company, the hotel is expected to open in mid-July 2020.

Located at 2424 Marketplace Drive, the four-story hotel is near Hillcrest Baptist Medical Center and proximate to Baylor University and multiple corporate entities and situated within the Central Texas Market Place development. The open-air shopping center features more than 60 retail and dining options. Hotel amenities will include a half-sport court, outdoor pool, outdoor patio, meeting room and fitness facility.

Designed for long stays, the brand will offer spacious suites with separate living, working, and sleeping zones that provide guests with the space and freedom to travel the way they like to live. With fully functional kitchens, complimentary grocery delivery service, 24-hour markets and complimentary breakfast, guests will be able to maximize their time and thrive while they travel.

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Brand

Residence Inn

With over 700 locations, Residence Inn created and defined the Extended Stay lodging category, first in North America and now globally. The brand recognizes the different needs of long stay guests, and is uniquely suited to serve this significant market segment.
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Management Company

Hospitality Ventures Management Group (HVMG)

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

Marriott International, Inc.

Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,000 properties under 30 leading brands spanning 131 countries and territories.
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