Legacy Ventures Completes Sale Of The American Hotel, Retains Management
Legacy Ventures Opens Hyatt House Atlanta Perimeter Center
Legacy Ventures has opened the 186-key Hyatt House Atlanta Perimeter Center, bringing an upscale extended stay hotel offering to Sandy Springs’ “Pill Hill” medical district.
In collaboration with general contractor Choate Construction and architecture firm Cooper Carry, Hyatt House Atlanta Perimeter Center is Legacy Ventures’ fourth ground-up hotel developed in the Greater Atlanta area and is owned and operated by Legacy Ventures. Ameris Bank provided the construction financing. The hotel’s interior design brings Atlanta’s forested landscape into the hotel and emphasizes a focus on wellness, a complement to the surrounding medical offices. Its location benefits from The Simpson Organization’s redevelopment of Peachtree Dunwoody Pavilion, newly renamed Altmore, into a more dense, mixed-use and walkable environment. The transit-oriented development features a pedestrian bridge directly to MARTA’s Medical Center Station, and The Simpson Organization also plans to add multi-family housing and a multi-use trail in a later phase of the development.
Legacy Ventures Announces Completion Of $5 Million Renovation Of Glenn Hotel, Autograph Collection
Legacy Ventures has completed a $5 million renovation of the 110-room Glenn Hotel, Autograph Collection, Atlanta's first boutique hotel. The 12-month project, designed by Sims Patrick Studio, along with brand strategy and positioning insight from Brand Verve, has refreshed the Glenn with a distinctly Southern generosity of spirit and a well-mannered sense of style, emphasizing the Glenn's warm and genteel level of hospitality. The project was managed and executed by Legacy Ventures, the original developers of the hotel, and included all guestrooms and public spaces. Built in 1923 as an office building, Legacy Ventures' adaptive reuse of the historic property in 2006 preserved the Glenn's architectural elements and obtained its listing on the National Register of Historic Places. Owned by local private-equity firm, Tripoli Management, and managed by Legacy Ventures, the hotel is uniquely situated directly adjacent to Atlanta's State Farm Arena and Mercedes-Benz Stadium, as well as the Georgia World Congress Center and Centennial Olympic Park.
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.