Pebblebrook Hotel Trust acquired the Union Station Hotel, Autograph Collection in Nashville, Tenn., for $52.3 million. The 125-room historic landmark hotel is located on Broadway, in the center of downtown Nashville, Tenn. The property will maintain its association with Marriott’s Autograph Collection and will be operated by Sage Hospitality.
Union Station Hotel is a 125-room, upper-upscale, full-service hotel. The hotel is within walking distance to the various attractions in the Southeast’s fourth largest city, including the 1.2-million-square-foot Music City Convention Center, the Frist Center for the Visual Arts, Vanderbilt University, Bridgestone Arena, Honky Tonk Row, The Gulch, Ryman Auditorium and the State Capitol. The hotel’s location places it nearby many major area corporate tenants in downtown Nashville’s 8 million square feet of office space, including AT&T, HCA, WEB MD, BMI, Johnson & Johnson and regional banking headquarters for Regions Bank, Bank of America and SunTrust Bank.
The recently constructed convention center is projected to strengthen Nashville’s visitor industry along with producing additional demand. Furthermore, Nashville is home to many major leisure attractions including the Country Music Hall of Fame and Museum, Opry Mills shopping mall, Bridgestone Arena, Tennessee Performing Arts Center and the 11-acre Riverfront Park and Amphitheater, which is currently under development