Massive identify Nashville motels proceed to promote to exterior traders

Massive identify Nashville motels proceed to promote to exterior traders

Massive identify Nashville motels proceed to promote to exterior traders

  • A small checklist of motels in Nashville have bought for greater than $100 million.
  • Exterior traders are spending tens of millions on Nashville lodge properties.

Motels throughout Nashville proceed to be scooped up by exterior traders. 

The Fairlane Resort, a boutique 81-room property identified for its rotating themed pop-up bar, bought in late June to Westdale Capital, a Dallas funding group, for $40 million — almost $494,000 a room. 

The Fairlane operated for 4 years earlier than buying and selling arms.

In the meantime, different luxurious line motels in Nashville will probably be on the market quickly after they open.  

A MARKET FOR LUXURY: 4 Seasons sells out half-floor penthouses

Six months after the W Nashville Resort within the Gulch first welcomed friends, the property bought in March for almost $329 million, the biggest lodge sale worth in Nashville’s historical past. The client: Xenia Motels & Resorts, an Orlando-based hospitality funding agency.  

One week forward of the Conrad Nashville opening its doorways, the Broadwest lodge bought final month to a Denver-based personal fairness group, Northwood Traders, for greater than $119 million, based on land information. 

A small checklist of motels in Nashville have bought for greater than $100 million. Exterior traders are spending tens of millions on Nashville lodge properties. Motels throughout Nashville proceed to be scooped up by exterior traders.  The Fairlane Resort, a boutique 81-room property identified for its rotating themed pop-up bar, bought in late June to Westdale Capital,…