Rockbridge Acquires Hilton Garden Inn in Downtown Nashville, Tennessee for $80.3 Million
July 29, 2016 12:00pm
COLUMBUS, Ohio, July 29, 2016 -- Rockbridge announced the acquisition of the Hilton Garden Inn in the SoBro district of Nashville, Tennessee.
The property is located on South Broadway in very close proximity to the Music City Center, Bridgestone Arena, Convention Center, and downtown entertainment district, ideally situated among a diverse group of corporate, leisure and group destinations.
"Nashville is an exciting and growing city, and we are very pleased to invest in a new, institutional-quality hotel in the center of this vibrant, dynamic market," said Rockbridge CEO Jim Merkel.
With 214 guest rooms, the hotel features many high-quality leisure amenities guests appreciate today such as a rooftop outdoor pool with terrace, a full-service restaurant, the SoBro Sports Bar and Grill, a wine bar, and on-site parking garage.
Chartwell Hospitality, a local development and management company, will be retained to manage the property.
"Chartwell is a strong partner, and we look forward to a long, mutually beneficial relationship," Merkel added.
Rockbridge is an investment platform with nearly two decades of experience in real estate and operating companies. Rockbridge has made over 200 investments in 38 states and is currently ranked the 14th largest hotel owner and developer in the U.S. For additional information about Rockbridge, visit www.rockbridgecapital.com.
Contact: Lara Forsman
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