Hospitality Ventures Management Group (HVMG) Assumes Management of the Nautilus Inn in Daytona Beach, Fla.

DAYTONA BEACH, Fla.–(BUSINESS WIRE)–Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that it has taken over operations of the 99-room Nautilus Inn in Daytona Beach, Fla. Owned by Asante Asset Management LLC, the hotel plans to undergo a multi-million renovation scheduled to begin August 2021.

“The Nautilus Inn will benefit from our in-depth, firsthand knowledge of the Florida marketplace, as it joins our existing portfolio of six branded and independent Sunshine State hotels,” said Robert Cole, president & chief executive officer, HVMG. “Our growing footprint, as well as our familiarity with the local and state markets, allows…