Twin&Branded 1 Hotel and Embassy Suites Nashville Hotel Supplied
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Starwood Capital Neighborhood
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Embassy Suites Nashville Hotel
Starwood Capital Neighborhood, Crescent Actual Estate LLC and Excessive Avenue Actual Estate Partners as of late introduced that managed mates have performed the sale of the 1 Hotel and Embassy Suites in Nashville, Tennessee, to Host Accommodations and Resorts, a lodging valid estate funding belief and proprietor of luxury and better-upscale hotels. Terms of the transaction had been no longer disclosed.
“Our a hit construction of 1 Hotel and Embassy Suites, in conjunction with our companions at Crescent, additional demonstrates the flexibility of our hospitality platform and our commitment to bringing eco-friendly, luxury customer experiences to market,” mentioned Barry Sternlicht, Chairman and CEO of Starwood Capital and founding father of 1 Accommodations, the mission-pushed luxury way of life hotel stamp. “This award-a hit mission has quickly risen to be one among the tip performing hotel developments in Nashville and I’m confident the Host Accommodations and Resorts team is an wonderful steward for this property going forward.”
“We are proud to have joined Starwood Capital in creating this mission into a premier destination at the forefront of luxury and sustainability in Nashville’s thriving hospitality economy,” mentioned Jason Anderson, Co-CEO at Crescent. “Along side our companions, we are elated that our extremely a hit joint project has accomplished our trade opinion and created considerable returns for our investors.”
Opened in 2022, the dual-branded Nashville 1 Hotel and Embassy Suites consists of an 18-fable 1 Hotel – Starwood Capital’s award-a hit, eco-acutely aware, luxury way of life stamp hotel – and a 30-fable Embassy Suites by Hilton hotel tower. The strategy totals 721 rooms with better than 26,000 sq. ft of meeting dwelling, in conjunction with tidy customer products and providers such because the 1 Hotel’s holistic spa, rooftop bar and occasion deck dwelling and Embassy Suites by Hilton’s rooftop swimming pool, bar and occasion dwelling. Located on the corner of Demonbreun Avenue and 7th Avenue South, straight all over from Nashville’s Music Metropolis Middle, the positioning is in the coronary heart of Nashville’s downtown restaurants and leisure venues and one block from Bridgestone Arena, dwelling of the Nashville Predators, and host to a gargantuan need of concert events and events.
In recognition of the property’s modern and eco-friendly develop, world-class customer skills and striking architecture, the strategy change into as soon as awarded 2022 Pattern of the three hundred and sixty five days at the Americas Lodging Funding Summit (ALIS).
