Real Estate Notes: Hilton Garden Inn trades for $14.7M

Also: Frothy Monkey comes to Franklin

The sale of the former Hilton Garden Inn at 1800 Division St. is complete.

Apple Nine Hospitality Ownership Inc. paid $14.75 million for the seven-floor 119-suite hotel, according to a Monday filing with the Davidson County Register of Deeds.

It is the ninth U.S. location for Home2 Suites by Hilton, a mid-tier all-suite brand by Hilton. The rebranded hotel checked in its first guest Friday.

"We have seen an increase in demand for extended stay hotels, particularly in urban markets, thanks to the many amenities and comforts these types of properties offer for business and leisure travelers alike," said Bill Duncan, global head of Home2 Suites by Hilton. "We are excited to open our first Home2 Suites in Tennessee in a thriving metropolis like Nashville, and look forward to introducing our hip and humble approach to the city’s visitors."

The hotel includes a game room and is also the first Home2 Suites (seen at right in photo) to feature an indoor whirlpool measuring 44 feet in length.

To mark the opening, the property has partnered with Vanderbilt University to benefit the local children’s hospital with a “Give Back 5%” program. Through the end of December, 5 percent of all room revenue generated from the university’s guests will be donated to the Monroe Carell Jr. Children’s Hospital at Vanderbilt.
Home2 Suites by Hilton currently operates nine hotels and has nearly 70 properties in its development pipeline.

Frothy Monkey comes to Franklin

Nashville’s Frothy Monkey Coffeehouse and restaurant will open its second location this fall in an historic house near Five Points in Franklin.
Franklin native Ryan Pruitt, Frothy Monkey’s chief operating partner, said the ownership group of the popular restaurant in Nashville’s 12South District has signed a long-term lease on the former parsonage for the Historic Franklin Presbyterian Church at 125 Fifth Ave.
Construction and renovation of the building will begin this month.
Pruitt, who has managed the original Frothy Monkey since 2007 and led the team of Heather Southerland and Richard May that acquired the restaurant in 2011, said he hopes the new location will contribute to further growth and vibrancy in downtown Franklin.
Ken Renner, vice president of commercial sales and leasing for Nashville’s Vastland Realty Group, represented Historic Franklin Presbyterian Church in the transaction.  Bill Butler of Bob Parks Realty in Franklin represented Frothy Monkey.