Rockbridge Acquires The Tennessean Hotel and Holiday Inn Knoxville Downtown Hotel
February 1, 2019 12:35pm
Columbus, OH (FEBRUARY 1, 2019) – Rockbridge announces the acquisition of The Tennessean Hotel and the Holiday Inn Knoxville Downtown Hotel, both of which sit in prime locations in downtown Knoxville. Aimbridge Hospitality will manage both hotels.
“We look forward to delivering a transformational renovation to the Knoxville Community that will bring economic prosperity to the region,” said Jim Merkel, Rockbridge CEO. “Matt Welch, who led this investment for Rockbridge, was instrumental in delivering our core values, that will result in a win-win-win for our customers, the Knoxville Community, and our investors.”
The Tennessean features 82 guest rooms and offers full-service dining in the Drawing Room Restaurant. Situated near the banks of the Tennessee River, guests have easy access to attractions in Knoxville, including a variety of historic landmarks, outdoor recreational activities, and a vibrant arts, theatre and culinary scene. Less than an hour drive from the Great Smoky Mountain National Park, Knoxville is also home to The University of Tennessee.
The 286-room Holiday Inn Knoxville Downtown will undergo a comprehensive renovation which will touch almost every area of the property including guest rooms, lobby, meeting space, restaurant/lounge and exterior. The hotel is ideally located adjacent to the Knoxville Convention Center and within walking distance to many attractions, including the Knoxville Museum of Art, historic Market Square, and the University of Tennessee.
“It’s an honor to partner with Rockbridge, and we are proud to add these two hotels to our management portfolio,” said Dave Johnson, Chairman and CEO at Aimbridge Hospitality. “We look forward to providing world class service, and the positive results this partnership will produce.”
the tennessean hotel,
holiday inn knoxville downtown,
Rockbridge, celebrating their 20th anniversary, has been investing in and building brands for 20 years. The business has made 228 investments in 38 states worth $6 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. For additional information about Rockbridge, visit www.rockbridgecapital.com.
Contact: Bill Black
Aimbridge Hospitality is the nation’s largest independent hotel management firm with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides property management, asset management, development, renovation and consulting services. Based in Dallas, Texas and with offices in Chicago and Puerto Rico, Aimbridge currently owns and/or manages approximately 800 upscale, independent and branded hotels with more than 100,000 rooms across the United States and the Caribbean. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.
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