A Colorado-based hotelier has created DBIK&J Nashville LLC to acquire for $9.1 million the Hyatt Place hotel near the Nashville International Airport, The Tennessean reports.
DBIK&J Nashville acquired the 83-room hotel from an affiliate of Chattanooga-based Vision Hospitality Group, which will soon open its Gulch-based Fairfield Inn & Suites by Marriott, accordign to the morning daily.
Nashville’s downtown urban core might be in line for a hotel brand that is best recognized for operating in suburban-style buildings but is transitioning toward an urban model.
Earlier this week, The Tennessean reported that San Francisco-based private investment firm Fillmore Capital Partners LLC has under contract the Rosa Parks Boulevard (Eighth Avenue) site on which a Goodyear tire store sits.
Fillmore and hotel franchising company Choice Hotels International Inc. about a year ago combined to develop multiple properties under the latter’s Cambria Suites brand, the morning daily reports.
A quick look at various websites reveals multiple understated buildings housing Cambria Suites hotels (see an example below with ubiquitous stucco and earth tones).
However, Choice Hotels International last April unveiled a cutting-edge Cambria Suites building in downtown Washington D.C. (Seen at left and below in silver and with a slight industrial aesthetic)
The Washington Business Journal reports (read here) Choice has three more urban model Cambrias — two in Manhattan and one in White Plains, N.Y. — under construction, with others planned.
It is unclear what will happen to the Goodyear business if Fillmore acquires the site.
Relatedly, there is a question as to the number of hotels the general area can accommodate. First Baptist Church officials are attempting to sell property adjacent to the Goodyear site and on which Giarratana Nashville had planned a Marriott hotel before the deal fell through. Catty-corner from the FBC site, Turnberry Associates plans a hotel, while work on a Westin hotel will soon begin next to the Turnberry site.
(Images courtesy of Choice Hotels)
Executives at Enterprise Holdings, the parent company of auto rental brands Enterprise, Alamo and National, plan to grow their Nashville-area network of 40 stores by up to 10 percent this year. Those plans come after Enterprise added 250 people to its Middle Tennessee workforce in 2013.
The new owners of the Franklin Marriott Cool Springs have brought on board Memphis-based Davidson Hotels & Resorts to manage the high-profile property and its adjacent publicly owned conference center. Crow Holdings Capital snapped up the 300-room hotel earlier this summer and plans to pump a lot of money into a comprehensive renovation of guests rooms and public spaces. The two companies have worked with each across the country for more than a decade.
US Airways announced today it will operate all air service out of Concourse C at Nashville International Airport (BNA) beginning Tuesday, Aug. 12.
The move to Concourse C from Concourse B is part of the US Airways/American merger. In a release, US Airways did not disclose the cost of the change.
US Airways will operate gates C3, C5 and C6 on Concourse C. The airline’s ticketing and check-in counter will remain in the same location.
Within the past 12 months or so, Nashville has become a target location for companies that own and operate boutique hotels.
During this time, three boutiques have been announced for the city and two others are seemingly being considered — all five in the central business, no less.
With this in mind, a friend recommended I contact the folks with Portland, Oregon-based Ace Hotel (read more here) to see if they are honing in on Music City. My friend (who will go unnamed) is very attuned to out-of-town entities eyeing our city and, for example, had heard 21c Museum Hotels officials were looking at Nashville long before any local media reported so.
So I reached out to Ryan Bukstein, the director of public relations and marketing for Ace Hotel’s in-house PR firm Atelier Ace. He emailed me the following:
“We are not confirming any plans for future hotels other than Ace Hotel Pittsburgh, which is planned to open in Mid 2015.”
Of note, I recently contacted a spokesperson for the aforementioned 21c Museum Hotels, who flat-out denied in an email the company was planning to open a hotel here. Shortly thereafter, 21c Museum Hotels, which is Louisville based, announced it would be Nashville bound.
As to Ace Hotel following suit, …
Chattanooga-based Vision Hospitality Group Inc., is targeting a September opening for its Fairfield Inn & Suites by Marriott nearing the end of construction on Division Street in The Gulch.
Originally, the company had eyed a mid- to late-spring opening.
Andrew Hibbard, Vision Hospitality director of investments, said the hotel will have a rooftop space called Up, which will offer small plates of food and a bar.
“The views are incredible,” he said.
Vision Hospitality will pursue Leadership in Energy and Environmental Design certification for the eight-story hotel.
A stock trading plan set up last month on behalf of Ryman Hospitality Properties Chairman, President and CEO Colin Reed was hard at work this week. After generating profits of about $1.1 million Friday and Monday, the plan on Tuesday and Wednesday exercised another 50,000 options and then sold the resulting shares. Reed's profit on those transactions topped $1.5 million. Ryman shares (Ticker: RHP) closed Thursday at $49.27, less than 2 percent their recent highs.
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