The building began life as a candle and soap manufacturing facility, and is being renovated into a hotel that will open later this year.

The hotel is owned by MP Nashville and operated by Legacy Management, and is located near Nashville.

Ten to 15 years ago, a brand was almost necessary to secure financing for a hotel development or renovation. But how important is it now?

The five-story, interior-corridor, full-service hotel sits on half a city block with 56,075 square feet of usable building space and visibility from Highway 99.

The property will be located right outside of New York City with access to Yankee Stadium, Meadowlands Sports Complex, Columbia University and more.

PHG Hotel Fund I, an affiliate of Pacific Hospitality Group, opened the 176-room hotel.

A renovation will begin in late August with completion expected for the second quarter of 2018. 

HOTEL MANAGEMENT sat down with Pamela Barnhill, creator of the event, to break down the challenges and opportunities within the independent hotel space.