Vacant Knoxville hotel shows signs of life under Hyatt

Knoxville, Tenn.

Hyatt Place acquired management of a 165-room hotel in downtown Knoxville, Tenn.

The building, which is currently vacant, was constructed as a ballroom hotel in 1917. Hyatt will develop the inside of the hotel while maintaining the building's historic architecture such as canopies which hang over the street and a vintage blade sign.

The hotel is set to open in 2017. It is located on Gay Street and Clinch.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

"There's huge momentum downtown," Knoxville Mayor Madeline Rogero said in a statement. "When the heart of your city is vibrant, when there are no more vacant buildings and there are improvements to the street scapes... it's generating revenues to support the entire city."

Read more on

Suggested Articles

With more than 50 hotels open in 10 states, the India-based startup is looking to open a hotel per day across the country.

The joint-venture partners have given a name to the upper-midscale brand they introduced in February.

LNW Hospitality and New Castle Hotels & Resorts will develop the Residence Inn by Marriott/Courtyard by Marriott on Georgia’s Jekyll Island.