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Hospitality Ventures Adds Hard Rock Hotel Daytona Beach To Growing Portfolio Of Managed Properties

Tuesday, December 18, 2018
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ATLANTA—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, announced the company has taken over management of the 200-room Hard Rock Hotel Daytona Beach (918 N. Atlantic Avenue). The hotel, which opened in early 2018, is owned by Summit Hospitality Management Group.

“The Hard Rock Hotel in Daytona Beach makes an ideal addition to our growing portfolio of upscale hotels and resorts with world-class, iconic brands,” said Robert Cole, HVMG president & CEO. “This marks our first Hard Rock Hotel-branded property, our third Florida hotel addition just this year and our fourth property under HVMG. We look forward to working side-by-side with Summit Hospitality Management Group to maximize revenue and profitability through HVMG’s award-winning operations platform.”

Boasting panoramic views of the Atlantic Ocean, the beachfront property features renowned, brand-exclusive offerings and amenities, including The Sound of Your Stay® music program, which offers complimentary use of Fender guitars and Crosley record players for in-room jam sessions, as well as a renowned full-service Rock Spa® and Salon, a Rock Shop® and a Body Rock® fitness center.

“We are pleased Hard Rock Hotel Daytona Beach will be managed by an established company with a stellar portfolio and strong reputation in the industry like HVMG,” said Dale Hipsh, senior vice president of hotel operations at Hard Rock International. “We know they will continue the great legacy of Four Diamond service, quality and performance for which the property is known.”

Hard Rock Hotel Daytona Beach also includes the signature Sessions restaurant and bar, the open-air Wave Terrace and 20,000 square feet of indoor and outdoor meeting space, including a versatile ballroom terrace. The property’s resort-style beachfront pool features an expansive oceanfront party deck, including an outdoor pool bar and grill.

“Bringing in HVMG to manage Hard Rock Hotel is in line with our company strategy and enables our team to give our full attention to growing our portfolio and to asset management,” said Abbas Abdulhussein, CEO of Summit Hospitality Management Group. “Their proven track record operating resort properties, understanding of our clientele and familiarization of the Daytona Beach market allows them to hit the ground running.”

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