Turnberry Associates buys land for JW Marriott Nashville

Turnberry Associates has paid nearly $28.4 million for land downtown where its plans include a 34-story, 532-room JW Marriott Nashville hotel at the corner of Eighth Avenue and Demonbreun Street, according to The Tennessean.

An affiliate of Aventura, Fla.-based Turnberry bought the 3.72 acres from the United Methodist Publishing House.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

In officially announcing plans for the JW Marriott Nashville in last year’s fall, Turnberry said the hotel was targeted for opening in late 2017, assuming ground would have been broken this summer.

The developer’s plans for the overall 3.72 acres also included a 22-story, 400,000-square-foot office building, which Turnberry executives confirmed two months ago was still part of the plan.

Two months ago, Turnberry also confirmed that company executive Ray Waters, who had moved to Florida to run its hospitality division, has now returned to Nashville to help oversee development of the JW Marriott hotel. Waters’ title is now regional vice president with Turnberry Hospitality.

In addition, Turnberry said it hired Scott Dillon as project executive for construction of the hotel. His background includes work as a design and construction executive with TRT Holdings/Omni Hotels, including as project director overseeing budget, design and schedule for the 800-room Omni Nashville hotel and 200,000-square-foot addition to the Country Music Hall of Fame and Museum.

Waters and other Turnberry executives weren’t immediately available for comments on closing of the land transaction with the United Methodist Publishing House.

Sale of the 3.72 acres completes the publishing house’s exit from the downtown location where it previously sold adjacent land, including where a Cokesbury bookstore once stood, to separate developers that are building the new 27-story, 454-room Westin Nashville Hotel.

Locally, Turnberry is also majority owner of the Hilton Nashville Downtown hotel.

Suggested Articles

Lodging owners who have the appropriate resources and capital have an opportunity to renovate at an accelerated rate and at more competitive prices.

The £18.4 million fine stems from a data breach discovered after the company purchased Starwood Hotels & Resorts Worldwide.

The company's revenues declined from $560 million in the third quarter of 2019 to $337 million in the third quarter of 2020.