ATLANTA—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and management company, today announced it has signed an agreement to provide third-party management services for the recently announced ground up new development Union Tower West, a 212,000-square-foot building featuring the city’s first Hotel Indigo hotel. The hotel is being co-developed by Portman Holdings, a real estate developer with a focus on hospitality, office, and mixed-use properties, and Hensel Phelps, general contractor and construction manager.
“This marks our second Hotel Indigo collaboration with Portman Holdings,” said Robert S. Cole, HVMG president and CEO. “In addition to the Denver property, which also happens to be the first Hotel Indigo in Colorado, we currently are providing pre-opening services and will manage the adaptive reuse 206-room Hotel Indigo hotel in downtown Atlanta.”
Located on Wewatta Street, adjacent to Denver’s newly redeveloped Union Station, the hotel is scheduled to open in the 2016 fourth quarter. The hotel will reside within Union Tower West, a 200,000-plus-square-foot mixed-use development of office and retail space. Upon opening, the hotel will feature approximately 1,950 square feet of meeting space, a fitness center, business center, bar, and restaurant.
“We have full confidence in [HVMG’s] ability to introduce a new brand to the Denver market and quickly ramp up the hotel, enabling it to become one of the boutique hotels of choice for visitors seeking an authentic experience with all the amenities that come with a branded hotel,” said Ambrish Baisiwala, CEO of Portman Holdings.