Red Velvet Hot Chocolate with Marshmallow Whipped Cream

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Marshmallow Whipped Cream:

1 cup heavy cream

3 ounces cream cheese, at room temperature 

1/2 cup marshmallow creme

1 teaspoon pure vanilla extract 

Red Velvet Hot Chocolate:

2 cups whole, 2-percent or skim milk

1 cup chopped best-quality semisweet chocolate 

2 tablespoons best-quality Dutched cocoa powder, such as Valhrona 

1 teaspoon red food coloring 

1 teaspoon pure vanilla extract