Tennessee Hyatt Place sold for $19.9M

A subsidiary of banking giant Goldman Sachs sold the Hyatt Place hotel in Cool Springs for $19.9 million.

An entity registered to Archon Group, located near Dallas, sold the 126-room hotel to ARC Hospitality Portfolio I Owner, a group registered to American Realty Capital Hospitality Trust, at that firm's Pennsylvania office address.

The acquisition was part of a $1.8 billion portfolio purchase by American Realty Capital, covering 116 hotels in 31 states.

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The Hyatt Place hotel is located at exit 69 of Interstate 65, at the northern edge of the Cool Springs commercial hub in Williamson County.

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