Case Studies

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Hotel Indigo Atlanta Downtown

Legacy Ventures Management Takeover.

Legacy Ventures took over management of the 206-key Hotel Indigo in Downtown Atlanta in late 2017. While the hotel was beautifully designed and very well-located, Legacy saw opportunities for operational improvement:

  • Provide expert input on repositioning of restaurant
  • Fix purchasing and inventory control within F&B
  • Institute labor management system to focus on staffing and scheduling
  • Improve citywide sales, business transient sales, and small meeting groups
  • Take advantage of transient pricing strategies
  • Engage brand-supported revenue management

By recruiting a highly effective executive team (supported by Legacy’s bench of employees) to deploy the above strategies, Legacy has added significant value to the Hotel Indigo.

Learn More: View Portfolio | Visit Website

Hotel Management Takeover

Legacy Ventures took over management of the 206-key Hotel Indigo in Downtown Atlanta in late 2017. While the hotel was beautiful and well-located, Legacy saw opportunities for operational improvement.

+9.9%

RevPAR Index

First 12 months post-takeover

+$1.7 million

REVENUE

First 12 months post-takeover

+$1.5 million

GOP

First 12 months post-takeover

Hilton Garden Inn Atlanta Downtown

Legacy Ventures Management Turnaround from Brand-Managed Hotel.

Legacy Ventures took over management of the 242-key Hilton Garden Inn Atlanta Downtown, which had previously been brand-managed. Though located in the heart of Atlanta’s Centennial Olympic Park Entertainment District, the property was underperforming. Legacy took immediate steps to:

  • Install new executive team (GM, DOS, Controller)
  • Provide improved direct oversight from senior corporate management
  • Fix purchasing and inventory control within F&B
  • Institute labor management system to focus on staffing and scheduling
  • Improve citywide sales, business transient sales, and company meeting sales
  • Improve overall pricing strategies

Learn More: View Portfolio | Visit Website

Brand-Managed Hotel Turnaround

Legacy Ventures took over management of the 242-key Hilton Garden Inn Atlanta Downtown, which had previously been brand-managed.

+9.5%

RevPAR Index

First 12 months post-takeover

10%

Guest Satisfaction

Compared to Brand Average

+$350K

GOP

First 12 months post-takeover

Glenn’s Kitchen & SkyLounge

Legacy Ventures Restaurant Management Turnaround.

The food and beverage operations at the Glenn Hotel (Glenn’s Kitchen, a ground level restaurant, and SkyLounge, a rooftop bar and event space) were previously managed by several different third-party operators prior to Legacy’s takeover. Immediately upon takeover, Legacy focused on the following tasks:

  • Create a site-specific F&B concept for both Glenn’s Kitchen and SkyLounge to fit the needs of both local clientele as well as hotel guests
  • Improve efficiency, service level, and food quality
  • Coordinate F&B business into overall hotel to make operation seamless

Within the first year of operations under Legacy management, we were successful at turning the F&B operation around from a net loss to a net profit.

Learn More: View Portfolio | Visit Website

Restaurant Management Turnaround

The food and beverage operations at the Glenn Hotel were previously managed by several different third-party operators prior to Legacy’s takeover.

+$258K

NOI

First nine months post-takeover

17%

Expense Margin

First full year of operations post-takeover

+$400K

NOI

First full year of operations post-takeover