Nashville’s Boom Tilts Towards Upscale

Lana Yoshii | June 16, 2016

Construction is booming in Nashville, Tennessee, particularly in the hospitality industry. This latest wave of hotel construction commenced with the opening of the Music City Center in May 2013. Currently, there are 153 hotels totaling 23,400 hotel rooms in the city of Nashville. In 2015 and through May 2016, five hotels have opened increasing rooms supply by 3%. These properties ranged from 93 to 214 rooms ranging from economy priced hotels to upper-tier extended stay brands (i.e., Residence Inn Vanderbilt/West End). Currently, STR and Pinnacle Advisory Group have identified 46 potential hotel development projects in various stages of ...