Chartwell Hospitality sells two Nashville Hampton Inns

Franklin-based Chartwell Hospitality and two private investors sold a pair of Nashville hotels and the land they sit on to out-of-town investors looking to participate in Nashville’s hot lodging market.

An affiliate of Capstone Development paid nearly $24 million for the 169-room Hampton Inn Nashville/Vanderbilt hotel building at 1919 West End Ave., while an affiliate of Honolulu-based The Shidler Group paid $9.33 million for the land the hotel sits on.

Washington, D.C.-based real estate development company Capstone also bought the 157-room Hampton Inn & Suites Elliston Place hotel at 2330 Elliston Place for $22 million. The affiliate of commercial real estate investment firm Shidler paid $8.67 million for the land that hotel sits on.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

Simultaneous with closing of both deals, Capstone is leasing the land from Shidler. Chartwell Hospitality also continues to manage both hotels.

Suggested Articles

The management company has retained its Deerfield, Ill., location as a regional office.

Two recent cases address the issue of hotel liability when personnel assist police who have an issue with a guest—here's the lesson for hotels.

Aqua-Aston Hospitality will roll out its new Next Level program of cleaning and service protocols at its 30+ managed hotels and resorts by Aug. 1.