Legacy Ventures Reduces Energy Consumption & Fixed Costs at its Hotels
Legacy Ventures has partnered with Energy One Consulting to materially reduce energy consumption within its hotel and real estate portfolio. At its flagship Embassy Suites by Hilton Atlanta at Centennial Olympic Park, initial net savings for the first 21 months amounted to $143,000, and the property realized a 16% pre-COVID reduction in energy usage. Legacy Ventures is driving improved NOI and asset valuation, which is important under normal circumstances, but even more so for a lodging industry suffering from the devastating effects of COVID-19. The reductions in what are normally fixed costs give Legacy Ventures’ hotels a competitive edge in the market.
Newly Renovated Sheraton Madison Hotel (VIDEO)
Sheraton Madison Hotel Announces Completion of Renovation
The Sheraton Madison Hotel has recently unveiled its $15 million renovation, with the hotel now offering a modern, dynamic, and contextually-Madison local vibe. New murals, meeting room names, and lobby décor all pay homage to Madison, Wisconsin.
Legacy Ventures has managed the hotel since 2018 for third-party owners based in Tennessee, assisted the owners in managing the renovation process, and also concepted the hotel’s new F&B offerings, The Hub and Market.
Legacy Ventures Celebrates the Topping Out of the Hyatt House Atlanta Perimeter Center
Legacy Ventures recently joined Choate Construction, Cooper Carry, PES Engineers, Bohler Engineering, Conway and Owen, and Fusion Design at a virtual topping out toast for Legacy’s Hyatt House Atlanta Perimeter Center. The site’s construction team was also treated to an outdoor, socially distanced boxed lunch from Twin Smokers BBQ by Legacy’s Restaurant Management team.
The hotel has risen quickly and is expected to be completed ahead of schedule. Legacy’s Hotel Management team looks forward to opening the newest addition to Legacy’s managed hotel portfolio and providing much needed hotel space in Sandy Springs’ medical district.
Open Letter to Hospitality Industry Stakeholders
CMBS Loan Servicing; COVID-19 Pandemic
Atlanta Hospitality Alliance
By David Marvin, Founder & President Legacy Ventures
Legacy Catering & Events Takes Home Two Awards at the ILEA Catering Competition!
Legacy Ventures congratulates Executive Director of Catering, Rhys Bhurman; Executive Chef Keegan Hughes; Chef Jeremy Harris; Chef Matt Ottinger; and the entire Legacy Catering & Events Team for their wins at the ILEA Race for a Taste Catering Competition!
The team received the People's Choice Award and Judge's Choice Award in the entree presentation category for Hawaiian style braised pork belly, pineapple rice, pork jus, and pickled melon inside a pineapple bowl.
Congratulations Legacy Catering & Events Team!
Legacy Ventures congratulates Colin James-Sarner on receiving the AHLA’s Stevan Porter Emerging Hospitality Leader Award!
Legacy Ventures congratulates Colin James-Sarner on receiving the American Hotel & Lodging Association’s Stevan Porter Emerging Hospitality Leader Award at the Stars of the Industry Awards for his work as the Night Manager at Legacy Ventures’ Embassy Suites Atlanta at Centennial Olympic Park. His dedication to the guest experience and to his team allow him to “Make a Difference” every day. He has continuously gone above and beyond, developing a “Best Guest” program to recognize Hilton Honors members and working closely with onsite F&B teams to improve communication and issue resolution.
Colin has advanced quickly in his career since joining Legacy Ventures as a Reservationist, first being promoted to Night Manager, and then to his current position, Front Office Manager at The American Hotel. Colin also has a recurring role as the Master of Ceremonies for Legacy Ventures’ annual Legacy Excellence Awards Dinner, and he has previously received the Georgia Hotel & Lodging Association’s Emerging Hospitality Award. VP of Hotel Operations, Eve Moore, notes “This award is truly well-deserved. Colin lives “a passion to serve” daily, and we look forward to seeing his continued growth with Legacy Ventures!”
The Atlanta Business Chronicle Features David Marvin’s Role in Founding the Centennial Park District
" In 2007, David D. Marvin, president of Legacy Ventures, gathered together a small group of property owners and stakeholders associated with Centennial Olympic Park to discuss pooling resources to attract more visitors... [he notes,] the goal was to positively differentiate our assets around Centennial Olympic Park as a terrific, amenity-rich place for visitors to land." Releasing its first magazine-style restaurant guide in 2018, the Centennial Park District is working on a new place-making program to include signage and gateways.
Restaurant Concepting: the Story of Dos Bocas
Three of Legacy Ventures’ F&B Outlets Make Eater’s List of 13 Fantastic Hotel Bars in Atlanta
The Cloakroom Kitchen & Bar at The American Hotel, SkyLounge at the Glenn Hotel, and The Drafting Table Cocktails & Kitchen at Hotel Indigo Atlanta Downtown made Eater’s list of 13 Fantastic Hotel Bars in Atlanta. All three locations were concepted, and are managed, by Legacy Ventures.
Der Biergarten’s Authentic German Cuisine Featured by the Atlanta Journal Constitution
"Jeff Sime of Legacy Ventures restaurants also has fond memories of Oktoberfest in Munich. 'The celebration, the music, and camaraderie in the tents is unlike anything else I have experienced.' He and his partners opened Der Biergarten to bring the food and atmosphere of a German beer garden to downtown Atlanta.
As for pairing German beers with food, Sime said, 'German beers as a whole are lighter than one may think. The most popular are Pilsners, which are light and crisp, perfect for when you’re eating heavy food out on a patio. As the beers get slightly more bitter, they can be very palate cleansing when eating cheese and fattier sausages.'
As might be expected, Der Biergarten has been celebrating Oktoberfest all month with weekly specials and tapping a new German imported beer. The party continues for one more weekend."
Legacy Ventures’ New Restaurant Dos Bocas Featured in Midtown Lifestyle
Legacy Ventures' newest restaurant, Dos Bocas, now open in Downtown Atlanta, is featured in the October issue of Midtown Lifestyle, with Corporate Chef Matt Deckard making the cover.
Atlanta Journal Constitution Previews Dos Bocas – Opening Next Week in Downtown Atlanta
"Cajun cuisine will meet Tex-Mex when Dos Bocas opens in downtown Atlanta next week.
Dos Bocas -- which means “two mouths” in Spanish -- will open Tuesday, Sept. 17 at 275 Baker St. NW ... Brian Bullock, chief operating officer of restaurants with Legacy, said he initially came up with the idea for a Cajun-Tex-Mex eatery while traveling back and forth between New Orleans and Texas while working for the Houstons restaurant group. He said he and Legacy founder David Marvin have “both always loved that food and loved that style, and we’ve just been waiting for the right opportunity.” That came when Legal Seafood decided not to renew its lease. Legacy, which owns the space, “took the opportunity to open up the focus” and started to work on the Dos Bocas concept, Bullock said.
In late 2018, Bullock took some of Legacy’s corporate chefs and operations staff to New Orleans. The group drove to San Antonio and “ate about 40 restaurants in between,” making note of what to incorporate into the Dos Bocas concept. Bullock said he’s been to New Orleans at least 10 times since. While the marriage of Tex-Mex and Cajun food might not be an obvious -- or well-explored -- one, Bullock said the cuisines lend themselves to a natural pairing.
“If you take the heart of Cajun country, Lafayette, and you take the heart of Tex-Mex, Houston, it’s literally a three hour drive,” he said. “It all blends well together, the flavors, the styles. It’s something that’s always been in (all of our staff), and it all finally just came together.” "
Read the full article at the link below.
First look: Legacy Ventures’ $40 Million Sandy Springs Hotel
Amy Wenk, Staff Writer at the Atlanta Business Chronicle, previewed Legacy Ventures' latest hotel development project:
"A veteran Atlanta developer is about to kick off a roughly $40 million hotel in Sandy Springs.
Legacy Ventures, well known for its collection of downtown Atlanta hotels and restaurants, will soon start construction on a 186-room Hyatt House, an extended-stay brand.
It’s coming to a 1.5-acre site at 5775 Peachtree Dunwoody Road, near the cluster of hospitals that make up “Pill Hill.” It’s also close to MARTA’s Medical Center station.
'There is no hotel within the medical district,' David Marvin, Legacy founder and president, told Atlanta Business Chronicle on Thursday. 'People needing accommodations in the medical district didn’t have any place to stay within walking distance.' "
Read the full article at the link below.
11Alive BIZ Interviews David Marvin in an Executive Profile
Click the link below to watch the interview.
Atlanta Business Chronicle’s Q&A with Legacy Ventures’ David Marvin, 2019 Most Admired CEO
Atlanta Business Chronicle named David Marvin, Founder & President of Legacy Ventures, one of 2019's Most Admired CEOs.
Q: What can other CEOs do to win such great admiration from their stakeholders?
A: Inspire. People want to be on winning teams participating in noble undertakings.
Q: What are the keys to CEOs building a high level of trust in their organizations?
A: It begins with integrity and transparency. Beyond this, sincere interest in the success and well-being of your team members is self-evident and goes a long way.
Q: What does leadership and being a leader mean to you?
A: Being responsible. Anticipating, innovating, communicating, directing and managing to the best of my God-given abilities.
Q: Who is a favorite leader you admire, and why?
A: Challenges are leadership’s testing ground. I admire Franklin D. Roosevelt for his leadership of our country out of the Great Recession and through his pivotal role preserving Western Democracy with WWII. He had to first find the resilience to deal with his physical handicap.
Q: Please explain how you and your organization make tough decisions.
A: Decisions are made through our 8-person executive committee that represents all facets of Legacy’s enterprise. Our culture of excellence, integrity and caring is our compass as memorialized in our “Legacy Blueprint” handbook (found on our website). I believe in Rotary International’s “4-way test”: Is it the truth? Is it fair to all concerned? Will it build goodwill and better friendships? Will it be beneficial to all concerned?
Read the full Q&A at the link below.
Atlanta Business RadioX Interviews Legacy Ventures’ COO of Restaurants, Brian Bullock
Brian Bullock was recently interviewed by Atlanta Business RadioX about Legacy Ventures' newest restaurant concept, Dos Bocas, as well as Legacy Ventures' success in the hospitality industry.
"We’re doing something called ‘Dos Bocas’ which means two mouths. It’s a Cajun and Mexican-Tex mix concept. Something we’ve wanted to do for a long time. I was a General Manager in New Orleans and a General Manager in Houston, and really got into that vibe of food, and really saw how close they are together. If you think about going from Lafayette, Louisiana to Houston, really it's a few hours, and you encompass all of that great food. We’re getting ready to open it, we’re going to open it late summer, and we’re excited about it."
" [Legacy Ventures] has really matured into what we consider a hospitality development company. So we own hotels, we operate hotels, we operate them for other people, we build them, we don’t operate them. We can own, develop, build, get you the brand, find the funding, and put the concepts in and any and all above. So we’re in four states now, we’re in Texas; we’re in Madison, Wisconsin, Chattanooga, and Atlanta. We just look for the right project, we like to specialize in full service hotels on the hotel side, we think we have a great niche on that because we have a restaurant division, and it’s worked out great for us."
Listen to the full interview at the link below.
Legacy Ventures’ Founder & President, David Marvin, Named “Most Admired CEO” by Atlanta Business Chronicle
Forty-four CEOs from twenty-two industries were selected as 2019’s Most Admired CEOs. David Marvin was selected in the “Restaurants & Hospitality” category along with Anne Quatrano, Chef-Owner of Star Provisions, Bacchanalia, Floataway Café and W.H. Stiles Fish Camp. Other winners this year include Ambrish Baisiwala, Chairman and CEO of Portman Holdings, LLC; Alana Shepherd, Co-Founder of Shepherd Center; Bill Garret, President of Cristo Rey Atlanta Jesuit High School; Tom Fanning, Chairman, President and CEO of Southern Co.; Craig Menear, Chairman CEO and President of Home Depot; and Steve Cannon, CEO of AMB Group LLC.
Atlanta Business Chronicle’s “Most Admired CEO” Awards recognize established local leaders who have a strong record of innovation, outstanding financial performance, a commitment to diversity in the work place, and who have made significant contributions to the Metro Atlanta community. David, who founded Legacy Ventures in 1994, has developed over $500 million in Downtown Atlanta real estate. Innovations included developing the first hotel downtown in 15 years, the first modern-day boutique hotel in Atlanta, and Atlanta’s first rooftop lounge. David‘s firm expanded into hotel and restaurant operations management in 2011. Legacy Ventures now provides development and management services to third-party owners, and has a Downtown Atlanta footprint of 5 hotels and 12 restaurants. With just a handful of employees in 1994, Legacy Ventures’ team has expanded to over 1200 people deployed in four states.
As President, David continues to cultivate an exceptional team that has the passion, tools, and support necessary to drive outstanding results. He is also active on many civic and industry boards, including the Atlanta Rotary Club, Central Atlanta Progress, the Atlanta Downtown Improvement District Board, ADID Interagency Law Enforcement TaskForce (Chairman), the Atlanta Convention and Visitors Bureau Board, the Atlanta Hospitality Alliance, Georgia State University School of Hospitality’s Advisory Board, Partners for HOME Board, and the Centennial Park District® Board (Founder and Chairman).
“I’m honored and proud to be named among such a prestigious group of CEOs,” said David. “This is also an honor for the entire Legacy Ventures team, for the good work that they do and the passion to serve that they live daily.”
Legacy Ventures Closes $83.5 Million Fixed-Rate Loan for Embassy Suites Atlanta at Centennial Olympic Park
Legacy Ventures has closed an $83.5 million 10-year fixed-rate loan for the 321-suite Embassy Suites Atlanta at Centennial Olympic Park in Atlanta. Developed by Legacy in 1999 as the first building to be constructed on Atlanta’s Centennial Olympic Park and the first new-build hotel in 15 years, the Embassy Suites has anchored Legacy’s downtown Atlanta portfolio since inception.
Today, the park-fronting property is at the epicenter of the Centennial Park District - Downtown Atlanta’s convention and entertainment hub. The hotel enjoys proximity to the Georgia World Congress Center, as well as other strong demand drivers such as Mercedes-Benz Stadium, State Farm Arena, and the Georgia Aquarium. The hotel is also near the future Centennial Yards project, a $5 billion mixed-use development projected to reshape the area currently known as the Gulch into a 40-acre mini-city.
“Legacy Ventures’ commitment to satisfying both guests and investors has led to the company’s success in the Centennial Park District and beyond”, said David Marvin, Founder and President of Legacy Ventures. “In 1999, we had a handful of corporate employees and a vision of what the Centennial Park District might become. Today our downtown team is over 800 strong encompassing five hotels and a dozen restaurants.” Legacy operates in four states as both owner-operator and as third-party manager. “Legacy Ventures seeks new development, acquisition and management opportunities, but the Embassy Suites Atlanta will continue to anchor our long-term portfolio.”
EATER FEATURES THE SUMMER OPENING OF DOS BOCAS IN DOWNTOWN ATLANTA
Legacy Ventures announces the summer opening of Dos Bocas in the former Legal Sea Foods location at 275 Baker St. Inspired by Brian Bullock’s travels throughout Louisiana and Texas, this restaurant will feature a Mexican-Cajun cuisine. The menu at Dos Bocas, or “two mouths”, includes dishes like campechana, shrimp etouffee, po’boys and barbecue shrimp.
“While running restaurants in Houston and New Orleans earlier in my career, I developed a love for the cuisine across the two states,” Brian Bullock, COO of restaurants for Legacy says. “A few years ago, when our team at Legacy Ventures opened a restaurant on Mustang Island in South Texas, my passion for Cajun and Tex-Mex cuisine was reignited. Finally, the right opportunity came around to create a restaurant serving the food we love here in Atlanta.”
Currently under construction, the two-story restaurant, designed by local Atlanta firm ASD|SKY, has 8,000-square-feet that includes a large bar and an outdoor patio overlooking the new greenspace at Centennial Olympic Park.