AJ Capital Partners Acquires 112-Key Hilton Garden Inn Across From University of Tennessee
May 13, 2019 2:41pm
Knoxville, Tenn. – Adventurous Journeys (AJ) Capital Partners announced today that it has acquired the Hilton Garden Inn on Cumberland Avenue across from the University of Tennessee. The hotel will operate independently as The Volunteer Hotel prior to and during renovations, which will begin in December 2019. Once complete in spring 2020, the 112-key hotel will debut as Graduate Knoxville, part of the Graduate Hotels® collection.
Saloon 16, opening in partnership with University of Tennessee graduate and former NFL quarterback, Peyton Manning, will bring a western-inspired, high-end watering hole to Graduate Knoxville. The name was inspired by Manning’s nickname “The Sheriff” and his UT football number 16. The vintage saloon will boast a refined, yet old-school, experience including a jukebox, dart board, live piano and outdoor dining.
Positioned along The Strip, the main-drag connecting downtown Knoxville to the University of Tennessee, Graduate Knoxville will be located on Cumberland Avenue, just steps from campus and the Fort Sanders neighborhood and close proximity to Neyland Stadium. Nestled along the Tennessee River and the nearby Great Smokey Mountains, Graduate Knoxville will offer access to both the city’s rich cultural and outdoor offerings.
Created for travelers who seek memory-making journeys, Graduate Hotels is a thoughtfully crafted collection of hotels that reside in the most dynamic university-anchored cities across the country. Each property celebrates and commemorates the optimistic energy of its community while offering an extended retreat to places that often play host to the most memorable days of our lives. There are currently 14 Graduate Hotels open and operating across the U.S. and an additional 17 properties under development and slated to open by the end of 2020.
“Since the inception of Graduate Hotels, it has been a goal of ours to bring a property to Knoxville,” said Ben Weprin, Founder and CEO of AJ Capital Partners. “While each Graduate hotel is distinct and personal, this project hits especially close to home.”
The hotel will undergo a comprehensive renovation that will touch all guestrooms and common spaces, including the conversion of the existing meeting and event space, as well as the addition of the forthcoming Saloon 16 and Poindexter coffee shop.
For more information on Graduate Hotels, please visit www.graduatehotels.com.
Tags: aj capital partners,
hilton garden inn,
AJ Capital Partners, based in Chicago, is an accomplished team of hospitality and real estate investors whose innate passion is to create a one-of-a kind portfolio of timeless assets. The counter-culture investors acquire, design and develop transformative real estate throughout the United States. In fall 2014, AJ Capital Partners launched the Graduate Hotels® collection. AJ Capital Partners continues to grow its portfolio of lodging investments, firmly establishing the group as visionary leaders in the lifestyle-driven investment industry. For more information on AJ Capital Partners, please visit www.ajcpt.com.
Former NH Carlton Amsterdam Reopens as NH Collection Amsterdam Flower Market Following Complete Renovation
Rockbridge and Makeready Open The Alida Hotel, a Tribute Portfolio Hotel in Savannah, Georgia
Next Story Group Acquires Melbourne Property to Establish the First LinQ Hotel
Caesars Entertainment to Sell Interest in Emerald Resort & Casino to South Africa-Based Peermont Hotels, Casinos and Resorts for $49 Million
Daly Seven Acquires Hilton Garden Inn Roanoke in Virginia
CoralTree Hospitality Group to Manage Steamboat Springs' 77-Room Ptarmigan Inn
Autograph Collection Hotels Welcomes Ireland’s National Treasure, The Shelbourne
Civitas Capital Group Closes on Dual-Branded Hampton Inn by Hilton & Homewood Suites by Hilton in Silver Spring, Maryland
Wyndham Debuts Trademark Collection in Latin America with Opening of Costa Blu Beach Resort
Hospitality Properties Trust Acquires Wisconsin's Crowne Plaza Milwaukee West for $30 Million
Crescent Hotels & Resorts Adds Pointe Hilton Squaw Peak Resort, Joins Crescent’s Latitudes Collection
MCR Acquires Two Properties in Northwest Indianapolis
Hospitality Management Corporation to Manage Missouri's D'Monaco Luxury Resort
Blue Flag Acquires The Roberts Collection in Nantucket, Partnering With Life House on Management and Restoration
WorldHotels Adds Eden Roc Miami Beach to Its Elite Collection
The Ogunquit River Inn Joins Ascend Hotel Collection
Marcus Hotels & Resorts Launches Renovation of Wisconsin's Hilton Madison Monona Terrace
HHM Completes Acquisition of DoubleTree by Hilton Hotel Atlanta Airport
Le Blanc Spa Resort Cancun Unveils 30 Million-Dollar Renovation
MSD Partners, L.P. to Acquire Boca Raton Resort & Club From Blackstone Affiliate
Please login or register to post a comment.