Rockbridge Acquires 320-Room Hilton Knoxville Hotel in Tennessee

/Rockbridge Acquires 320-Room Hilton Knoxville Hotel in Tennessee

Rockbridge Acquires 320-Room Hilton Knoxville Hotel in Tennessee

|2019-07-25T15:22:42-04:00July 24th, 2019|

Columbus, OH (JULY 24, 2019) – Rockbridge today announced the acquisition of the 320-room Hilton Knoxville Hotel located in the heart of downtown Knoxville, Tennessee. PM Hotel Group will manage the property.

The hotel is ideally located adjacent to the Knoxville Convention Center and within walking distance of the University of Tennessee and Neyland Stadium. It is also close to many attractions, including the Knoxville Museum of Art and historic Market Square. Its proximity to downtown Knoxville provides guests with easy access to a variety of historic landmarks, a vibrant arts, theatre and culinary scene, and a short drive to the Great Smokey Mountains National Park.

“We are excited to acquire this Hilton in a great market like Knoxville,” said Chris Diffley, Managing Director, Investment Group at Rockbridge. “We are also pleased to continue our relationship with a trusted, proven partner like PM Hotel Group while deepening our partnership with Hilton.”

Hotel features include the Marble City Kitchen restaurant, the Firefly outdoor bar and lounge, Starbucks, more than 14,500 SF of meeting space including a 7,000 SF ballroom, 24-hour fitness center, and pool. A renovation is planned which will touch many aspects of the property, including guest rooms and suites, lobby areas, and exterior. Timing to be determined.

The acquisition is the third property for Rockbridge in the Knoxville market, with the company having recently acquired The Tennessean and the Holiday Inn Knoxville Downtown. The hotel will remain a Hilton branded property.

About Rockbridge

Rockbridge, celebrating their 20th anniversary, has been investing in and building brands for 20 years. The business has made more than 240 investments in 38 states worth more than $7.4 billion in capitalization. Rockbridge’s continued success is a result of building a team and culture that are intensely collaborative, innovative, curious, and focused. These attributes are among a strong set that have positioned Rockbridge as a leading investor and partner. Recently, Rockbridge was honored as the top, philanthropic company in Central Ohio based on its number of employees. Learn more at www.rockbridgecapital.com and Instagram.

About PM Hotel Group

A Top-15 hotel management company, PM Hotel Group has over two decades of experience building relationships with brands, partners and third-party hotel owners. We have participated in the development and acquisition of more than $2.5 billion in premium-branded and independent hotel properties across the United States. As an operator, PM Hotel Group is committed to its core values of respect- for one another, our guests and the planet. We manage with a dedication to sustainability, a tradition of teamwork and a passion for innovation and entrepreneurship. At PM Hotel Group we know that our people are our greatest resource. By focusing on our associates and the communities in which we work, we deliver strong performance for our owners. Learn more at pmhotelgroup.com.

Related News:

As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.