Marcus & Millichap brokers sale of Nashville Hampton Inn

Hampton Inn Nashville

Marcus & Millichap sold the 154-room Hampton Inn & Suites in downtown Nashville, Tenn. The $58.2 million sales price equates to nearly $378,000 per room.

“Rates that hotel rooms are commanding, coupled with a high demand for hospitality properties, have made Nashville one of the top hospitality markets in the country,” said Georgia Krewson, associate director of Marcus & Millichap’s National Hospitality Group (NHG). “The RevPAR performance in Nashville was among the strongest in the nation’s largest 25 markets in 2015, and the city remains a coveted market due to its extended run of exceptional performance.”

Krewson, along with Wes Tiner, a senior director of the NHG, associates Scott Franco, Zach Moore and Kelley Deibler, all in Nashville, represented the seller, MR Hotels.

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.

The Hampton Inn & Suites in downtown Nashville is located at 310 4th Avenue South, directly across from the new 1.2 million-square-foot Music City Center, two miles from Vanderbilt University and eight miles from the Nashville International Airport.

Opened in 2007, the property is an upper-midscale contemporary hotel that provides guests with a complimentary breakfast buffet and wireless Internet access. Other amenities include a modern fitness center, an indoor pool and 2,500 square feet of meeting and event space.


Suggested Articles

The REIT said that it does not expect to see a meaningful increase in demand for its portfolio until there are COVID-19 medical solutions in place.

The LW Hospitality Advisors "Q2 2020 Select Major U.S. Hotel Sales Survey" highlights six transactions across the country.

IHG has until Aug. 24 to make its priority return payment plus accrued interest to avoid termination of the agreements with Service Properties Trust.