HVMG retains management of The Shores in Daytona, Fla., post sale

Hospitality Ventures Management Group (HVMG) has retained the management contract for the The Shores Resort & Spa in Daytona Beach Shores, Fla., after it was purchased recently by New York-based Garrison Investment Group. The 212-room resort has been in HVMG’s management portfolio since 2009. 
 
The Shores Resort & Spa represents the third upscale property HVMG manages for Garrison Investment Group. Earlier this year, Garrison purchased the Hilton Houston Southwest from HVMG and retained HVMG to manage the property. 

HVMG manages 41 hotels throughout the U.S. and a total of seven hotels in Florida, including six independent resorts.
 
“Entering this new management chapter with Garrison as the owner of The Shores is an exciting opportunity to expand our partnership with them and enhance the resort’s standing as one of the top luxury properties along Florida’s east coast,” says Robert Cole, HVMG president and CEO.

“Retaining HVMG to manage The Shores Resort & Spa was an obvious decision given the firm’s proven track record at this resort and their outstanding industry reputation for maximizing ownership value,” says Chuck Pomerantz, managing director of Garrison Investment Group. 
 

Read more on

Suggested Articles

The agreement will extend Agilysys customers’ access to contactless global omnichannel payments.

The deal would have had NHT Operating Partnership acquire all of the outstanding equity interests of Condor via a merger valued at $318 million.

The project encompassed a real-time, two-way integration between Infor HMS and Glowing’s Digital Engagement Cloud at Mandarin Oriental hotels.