Vision Hospitality Group Celebrates 25 Years & Approaches $1 Billion Market Cap
CHATTANOOGA, TN—Vision Hospitality Group, developer and owner of premium branded select and full-service hotels, as well as independent boutique hotels, celebrates its 25th Anniversary beginning this April. The journey to become a vertically integrated, award-winning hospitality company is a testament to the passion that Founder, President, and CEO Mitch Patel brings to the industry.
The company’s portfolio spans the country and is comprised of
beautiful hotels, which drive compelling returns. Vision plans to continue its growth with new real estate investments and developments this year.
“As we approach two-and-a-half decades of sustained growth, we feel our success is a product of a strong vision to recognize and leverage opportunities in all economic environments,” says Patel.
“We look ahead toward continued, thoughtful growth and abundant opportunities for our partners and stakeholders in the years to come.”
Founded in 1997, Vision Hospitality Group (VHG) started with a dream. Patel developed and managed the company’s first hotel that year – the Homewood Suites by Hilton, Chattanooga/Hamilton Place. The company’s following ten hotels were developed and opened during the economic aftermath of 9/11, which acutely impacted the travel industry. Here, VHG
learned agility and how to pivot, gaining a deeper understanding of how to successfully adapt to the ebb and flow of the hospitality and financial industries. These lessons, along with a solid foundation of core values – dedication, integrity, respect, excellence, community, teamwork, and spirit – were
the guiding principles that led to continued growth through the Great Recession and the unprecedented challenges of the last few years. During the height of the pandemic in 2020 and 2021,
Vision Hospitality Group successfully launched eight new hotels including award-winning properties such as The Grady (Louisville), and Kinley Hotels (Cincinnati and Chattanooga), along
with highly curated food and beverage programs at each property.
Most recently in 2021, VHG introduced their wholly-owned subsidiary, Humanist Hospitality. As an award-winning operator of leading hotel and restaurant brands, Humanist provides a turn-key solution for hotel management including human resources, sales and marketing, revenue management, as well as rooftop bars and restaurant operations. Humanist’s vision is to be the
preferred hospitality management company for the Lodging Industry.
Vision Hospitality Group’s success is not solely attributable to their ability to execute as an investor, developer, and asset manager, but also through strong contributions to social responsibility and environmental consciousness practices, which impact the communities and the hospitality industry at large. Most importantly, leadership and hotel teams alike, share an important investment in the company’s culture – one of the best assets a successful company can have.
“We are excited to mark our 25th year in April with our partners, executives, hotel leaders and families with a celebration gala at one of Chattanooga’s beloved landmarks, The Hunter Museum of
American Art,” says Patel. “Other celebrations and events will continue throughout the year to express our commitment of giving back to the communities we serve and those who serve them.”
Looking ahead as Vision Hospitality Group’s market cap approaches $1 billion, Patel aims to expand the VHG footprint through strategic investments, acquisitions, and repositioning opportunities.
Patel also aims to continue Vision Hospitality Group’s growth by working with current partners as well as building new relationships in targeted markets.