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Hospitality Ventures Management Group (HVMG) Announces Grand Opening of 104-Room Residence Inn by Marriott Waco/South in Texas

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced the grand opening of 104-room Residence Inn by Marriott Waco/South in Texas. The hotel is owned by Ridgeland, Miss.-based Wealth Hospitality Group, a hospitality ownership/development/construction management company.

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

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.

Choice Hotels to Develop New Cambria Hotel in Waco, Texas

Choice Hotels International, Inc. (NYSE: CHH) has signed an agreement with Kiran "Kenny" Bhakta of KB Hotels, LLC, to develop the new Cambria Hotel Waco University Riverfront in Waco, Texas. Slated to open in 2020, the four-story, 135-room upscale hotel will be one of several Cambria properties to join the brand's growing portfolio in the state, with hotels already open in Dallas, McAllen, Plano, and Southlake, and opening soon in Austin and Houston.