Nashville Hotel Trades for $125M
The seller, Rockbridge, acquired the 214-key Hilton Garden Inn in the city center for slightly more than $80 million in 2016.
By Jeff Hamann
Hilton Garden Inn Nashville Downtown
Rockbridge has sold the 214-key Hilton Garden Inn Nashville Downtown to AVR Realty for $125 million, according to public records. The hotel last changed hands in 2016, when the former owner purchased the asset for $80.3 million from Chartwell Hospitality.
Located at 305 Korean Veterans Blvd., in downtown Nashville, the 10-story building is positioned two blocks east of the Music City Convention Center. The hotel is within 0.5 miles of more than 3.8 million square feet of office space, with another 1.3 million square feet under construction or in planning stages, Yardi Matrix shows. Interstate 40 is a short drive south of the asset, linking it with the rest of the metro area.
Constructed in 2015, the hotel features both standard guestrooms and suites. Amenities include a 24-hour business center, a fitness facility, an outdoor swimming pool, on-site sports bar and 4,200 square feet of meeting space. A valet-only parking garage is attached to the building, usable for an additional fee.
Image via Google Street View
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