lana yoshii
Downtown Nashville – Time to Hit the Pause Button?
Lana Yoshii | April 26, 2017
By Lana Yoshii Nashville has been blowing and going in recent years: The area MSA's employment has grown at a 2.8% compounded annual growth rate from 2011 to 2017, as of February 2017. The MSA gains about a 100 new residents every day. The new Music City Convention Center, which opened in May, 2013, was well received, and convention activity has shown good growth, with an 11% compound annual growth rate since 2011. SOURCE: Nashville Convention & Visitors Corp., 2017 Occupancy and ADRS have grown, such that citywide hotel TOT tax receipts have growth even faster, at 15.4% annual since 2011. That's the good news. The bad news is that...
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 ...
