HMP Properties

What HMP Properties does

HMP Properties L.L.C. is a privately held hotel development and management company headquartered in Williamsburg, Virginia, founded in 2004 by CEO Hitesh Patel. The company owns, develops, and operates a portfolio of approximately 15-20 hotel properties concentrated across Virginia markets including Williamsburg, Norfolk, Stafford, Woodbridge, Roanoke, Richmond, Farmville, and Charlottesville. Properties operate under franchise agreements with major hospitality brands spanning the Marriott, IHG, Hilton, Choice, Carlson, Best Western, and Hyatt systems, covering select-service, full-service, and extended-stay segments.

The company's business model combines fee-based management services with direct property ownership, generating revenue from room revenue, food and beverage (e.g., Bistro 515 at Holiday Inn Gateway), meeting space rentals, and management fees on third-party-owned assets. Distribution flows through franchise brand channels including brand.com sites, OTAs (Expedia, Booking.com), and GDS corporate networks. Non-hospitality assets include a Goodwill location in Richmond and an office building in Glen Allen, VA, suggesting modest diversification beyond lodging.

The company serves leisure travelers to Virginia tourist destinations (Colonial Williamsburg, Busch Gardens), business travelers, and military/government personnel visiting Quantico Marine Corps Base and FBI Academy. The company also operates Venture X Chesapeake, a co-working/meeting space, and is developing new properties including an Element Hotel in Richmond, TownePlace Suites in Charlottesville, and dual-branded TRU/Homewood Suites in Roanoke. The firm employs 251-500 people and has no disclosed outside institutional investment, with growth funded through retained earnings and joint ventures.

Name

HMP Properties

Legal name

HMP Properties L.L.C.

Website

https://hmphotels.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

251–500 employees

Short description

HMP Properties is a privately held Williamsburg, Virginia-based hotel development and management company that owns and operates approximately 15-20 franchised properties across Virginia under Marriott, IHG, Hilton, Choice, Carlson, Best Western, and Hyatt brands, serving leisure, business, and military travelers.

Ownership category

akta.pro rank

Headquarters

HQ city

Williamsburg

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Hotel Management Services: HMP Properties generates revenue by owning, managing, and developing hotel properties under franchise agreements with major hospitality brands. The company operates hotels across Virginia and receives management fees and ownership returns from hotel operations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

HMP Properties is a hotel development, acquisition, and management company that owns, develops, and operates hotel properties across Virginia under franchise agreements with major hospitality brands including Marriott, IHG, Hilton, Choice, Carlson, Wyndham, Best Western, and Hyatt. The company earns revenue through hotel ownership returns and franchise management fees across select-service, full-service, and extended-stay lodging assets, with several new-build hotels in development through joint ventures such as Kalyan Hospitality.

Product overview

HMP Properties is a hotel management and development company offering a portfolio of managed hotel properties across Virginia under various franchise brands. The company's product portfolio includes select-service hotels (Comfort Inn, Holiday Inn Express), full-service hotels (Holiday Inn & Suites), extended-stay properties (Home2 Suites, Homewood Suites, Staybridge Suites), and select-service suites (Fairfield Inn, Tru). HMP operates hotels under franchise agreements with major hospitality brands including InterContinental Hotels Group (IHG), Hilton Hotels Corporation, Choice Hotels International, Carlson Rezidor Hotel Group, and Marriott International. The company also manages non-hotel assets including office space and retail properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Holiday Inn Express Williamsburg Busch Gardens Area A 122-room select-service hotel managed by HMP Properties and franchised by IHG, located near Busch Gardens theme park in Williamsburg, VA. Offers complimentary breakfast, high-speed internet, fitness center, business center, and meeting space to leisure travelers visiting local attractions.
• Comfort Inn – Williamsburg / Gateway A Comfort Inn hotel managed by HMP Properties under the Choice Hotels franchise, located in Williamsburg, VA near the Historic Area / Gateway. Provides brand-standard budget-friendly accommodations to leisure travelers.
• Holiday Inn & Suites – Williamsburg / Gateway A full-service all-suites hotel managed by HMP Properties under the Holiday Inn & Suites (IHG) brand in Williamsburg, VA at 515 Bypass Road. Features Bistro 515 restaurant, 2,500 sq. ft. of meeting space, business center, fitness center, indoor pool, sauna, and free Wi-Fi, serving both leisure travelers and corporate/small-group meetings.
• Holiday Inn Express & Suites – Norfolk Airport A 104-room select-service hotel (94 suites, 10 whirlpool rooms across five floors) managed by HMP Properties under IHG franchise, located near Norfolk Airport. Developed in a joint venture with Kalyan Hospitality and serves business and leisure travelers needing airport-proximate accommodations.
• Home2 Suites – Norfolk Airport An extended-stay hotel managed by HMP Properties under the Home2 Suites by Hilton brand, located near Norfolk Airport. Provides suite-style accommodations with kitchenettes for longer-stay business and leisure travelers.
• Homewood Suites – Williamsburg An all-suite extended-stay hotel managed by HMP Properties under the Homewood Suites by Hilton brand, located in Williamsburg, VA. Provides apartment-style suites with full kitchens for extended-stay leisure and business guests.
• Fairfield Inn & Suites Quantico Stafford A select-service hotel managed by HMP Properties under the Fairfield Inn & Suites by Marriott brand, located in Stafford, VA near Quantico Marine Corps Base and FBI Academy. Targets military and government travelers with government per diem rate acceptance, brand-standard amenities, and proximity to military training facilities. Received the 2017 Marriott International Silver Award for Perfect Performance.
• Staybridge Suites Quantico-Stafford An extended-stay hotel managed by HMP Properties under the Staybridge Suites (IHG) brand, located in Stafford, VA near Quantico Marine Corps Base. Provides apartment-style suites with full kitchens targeting military and government long-stay travelers.
• Home2 Suites – Woodbridge An extended-stay hotel managed by HMP Properties under the Home2 Suites by Hilton brand, located in Woodbridge, VA in proximity to Quantico Marine Corps Base. Provides suite-style accommodations with kitchenettes for long-stay military, government, and business guests.
• Holiday Inn Express – Dumfries A select-service hotel managed by HMP Properties under the Holiday Inn Express (IHG) brand, located in Dumfries, VA in proximity to Quantico Marine Corps Base. Serves military and government travelers and road-stop leisure guests.
• Tru by Hilton – Farmville A select-service hotel managed by HMP Properties under the Tru by Hilton brand, located in Farmville, VA. Targets value-conscious leisure travelers and visiting families/students.
• Venture X – Chesapeake A flexible coworking / shared workspace managed by HMP Properties under the Venture X brand, located in Chesapeake, VA. Serves small businesses, remote workers, and traveling professionals needing workspace near the Norfolk/Chesapeake region.
• Holiday Inn Express Williamsburg North A 118-room select-service hotel managed by HMP Properties under the Holiday Inn Express (IHG) brand, located in Williamsburg North, VA. Offers an indoor heated pool, complimentary breakfast, and high-speed internet to leisure travelers visiting the Williamsburg area.

Quantifiable outcome

• 94.36% guest satisfaction rating at Holiday Inn Gateway Hotel & Suites
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered minor and core.

• Kalyan HospitalityminorStrategic or Co-development Partner · 27 October 2008Joint venture partnership for development of Holiday Inn Express & Suites in Norfolk, VA. HMP Properties and Kalyan Hospitality collaborated on this five-floor hotel development project with 94 standard suites and 10 upgraded suites, scheduled to open in May 2009.
• Marriott InternationalcoreChannel Partner/ Reseller/ DistributorFranchise partnership for Marriott-branded hotels including Fairfield Inn & Suites Quantico Stafford (first Marriott property in HMP portfolio, acquired November 2017), Residence Inn Roanoke Airport, Courtyard Roanoke Airport, and Courtyard Richmond Northwest/Short Pump.
• InterContinental Hotels Group (IHG)coreChannel Partner/ Reseller/ DistributorFranchise partnership for IHG-branded hotels including Holiday Inn Express Williamsburg North, Holiday Inn Express Williamsburg Busch Gardens Area, Holiday Inn & Suites Williamsburg Gateway, Holiday Inn Express & Suites Norfolk Airport, Holiday Inn Express Dumfries, Holiday Inn Roanoke Valley View, and Staybridge Suites Quantico-Stafford.
• Hilton Hotels CorporationcoreChannel Partner/ Reseller/ DistributorFranchise partnership for Hilton-branded hotels including Homewood Suites by Hilton Williamsburg, Home2 Suites Norfolk Airport, Home2 Suites by Hilton Roanoke, Home2 Suites Woodbridge, Hampton Inn Roanoke Airport, Hampton Inn & Suites Roanoke Airport, Spark by Hilton Williamsburg Historic Area, and TRU Farmville VA.
• Choice Hotels InternationalcoreChannel Partner/ Reseller/ DistributorFranchise partnership for Choice-branded hotels including Comfort Inn Williamsburg Gateway, Comfort Inn Monticello, and Sleep Inn Historic Williamsburg.
• Carlson Rezidor Hotel GroupcoreChannel Partner/ Reseller/ DistributorFranchise partnership for Carlson-branded hotels including Country Inn & Suites By Carlson Williamsburg.
• Best Western Hotels & ResortsminorChannel Partner/ Reseller/ DistributorFranchise partnership for Best Western Plus Zion Crossroads property.
• Wyndham Hotels & ResortsminorChannel Partner/ Reseller/ DistributorFormer franchise partnership for Days Inn Historic Area (previously owned property).
• Hyatt HotelsminorChannel Partner/ Reseller/ DistributorFranchise partnership for Hyatt Place Fredericksburg - Mary Washington property.
• Greater Williamsburg Chamber & Tourism AllianceminorGTM or Marketing PartnerCommunity partnership for hosting Business After Hours networking events and local tourism promotion.

Scale indicators3 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• Hospitality Ventures Management Group (HVMG): Atlanta-based third-party hotel management and development company operating full-service, select-service, and extended-stay properties across multiple brand families. Highly comparable as a multi-brand, multi-segment franchise operator and developer with regional density.
• Hotel Equities: Hospitality management, development, and consulting firm operating franchised hotels under Marriott, Hilton, IHG, Hyatt, and Choice. Comparable as a multi-brand, mid-scale-focused operator with strong development pipeline activity in the Southeast US.
• Remington Hotels: Dallas-based hotel management and development company operating luxury, full-service, and select-service properties across major brand families. Comparable in business model (own/develop/manage) and multi-brand franchise strategy.
• Crestline Hotels & Resorts: Hospitality management company operating full-service, select-service, and extended-stay hotels under major franchise brands. Comparable as a multi-brand third-party operator with development and acquisition capabilities.
• LBA Hospitality: Hotel management and development company operating select-service and extended-stay properties primarily under Hilton, IHG, and Marriott flags. Comparable as a focused multi-brand operator-developer in the Southeast US.
• Vista Host: Hotel development, ownership, and management firm operating select-service and full-service properties under major brand families. Comparable in integrated develop/own/manage model and mid-scale brand mix.
• Newport Hospitality Group: Regional hotel management and development company operating select-service and full-service hotels under major brands. Comparable as a mid-sized multi-brand operator-developer with similar asset-light and asset-heavy hybrid model.
• Linchris Hotel: Hotel ownership, development, and management company operating franchised select-service and full-service hotels. Comparable as an integrated owner-operator with a multi-brand franchise strategy.
• True North Hotel Group: Hotel management and development firm operating select-service and extended-stay properties under major franchise brands. Comparable as a multi-brand, mid-scale-focused operator with active development pipeline.

Broad incumbents

• Marriott International: Largest global hotel franchisor; HMP operates multiple Marriott-branded properties (Fairfield Inn, Residence Inn, Courtyard, Element, TownePlace Suites). Comparable as the parent brand system that defines the standards, distribution, and loyalty HMP depends on, and as a benchmark for scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hmphotels
• LinkedInlinkedin.com/company/hmp-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HMP Properties