An Atlanta-based hospitality development company is planning to build two Marriott hotels in SoBro, an approximately $65 million effort that will further continue what likely has become the most significant hotel boom Nashville’s urban core has ever seen.
North Point Hospitality Group Inc. is formulating a two-phase project with hotels that will address both Fifth Avenue and Korean Veterans Boulevard, according to S. Jay Patel, company president and chief executive officer. By the end of the year, North Point hopes to break ground on Phase I of the development, a 14-story 200-room Residence Inn by Marriott.
Patel (pictured) said the building — to anchor the southeast corner of the Fifth Avenue South and Korean Veterans Boulevard intersection and to primarily front KVB — will also feature a four-level above-ground structured parking garage to accommodate about 200 vehicles. He declined to say if retail spaces will be included. Guests to the hotel will access the parking garage via Fifth.
By early 2015, North Point expects to begin Phase II, which will include both a 150-room SpringHill Suites by Marriott and a one-floor 50-space addition to the parking structure. Fronting Fifth Avenue and rising 11 stories, the SpringHill Suites will be built on top of the 250-space parking garage, making it a 16-story structure. All the rooms in the hotel will face either west toward Midtown or east toward the Cumberland River.
Once completed in 2016, the two hotels and garage (an image for which North Point is not ready to release) will offer 350 rooms and 250 vehicle spaces within an L-shaped configuration. They will be located catty-corner from the Music City Center convention facility. (See below photo, courtesy of Google Maps, for the site, which is located in the approximate center of the image and across KVB from the empty site on which Omni Nashville Hotel now sits.)
“That gives us the benefit of having both hotels be very visible related to KVB,” Patel said of the physical arrangement of the buildings on what is a fairly tight parcel (175 feet fronting KVB and 285 feet fronting Fifth Avenue).
The land on which North Point will build is already zoned for hotel use. However, the company will need the Metro Development and Housing Agency Design Review Committee to approve the exterior designs of the buildings.
Relatedly, North Point developed the Hilton Garden Inn and the recently opened Home2 Suites, both located in Midtown and sharing a parking garage. The company later sold the properties to a real estate investment trust.
“We did so well with those two hotels, we are going to build in SoBro now,” Patel said. “We feel SoBro is a great up-and-coming area. These are the only Marriott-branded hotels proposed for SoBro.”
Coincidentally, a different Patel is also developing both a Residence Inn and a SpringHill Suites in Midtown. Dr. Anil Patel, a Clarksville-based physician who undertakes hotel development through his Concord Hospitality Inc., is overseeing the project on a site at the northwest corner of the West End and 18th avenues intersection.
In addition to the four aforementioned hotels, Nashville’s urban core currently has four other hotels under construction: a Fairfield Inn on Divsion Street in the Gulch, a Homewood Suites on West End across from Vanderbilt University, and a Hyatt Place and an Omni in SoBro. A fifth (a Hilton Garden Inn in SoBro) is expected to soon start and a sixth (as yet announced) is slated for the proposed Buckingham Cos. project at the site at which 21st Avenue, Broadway and Division Street converge. Also, a Courtyard by Marriott is under construction in Bedford Commons in Green Hills.
Patel declined to say what engineers, general contractor, architect and bank North Point will work with on the SoBro project. (Check the company’s work here.)
“We’re early in our development process but should be in position to announce our team shortly,” he said.