nashville
RLJ Lodging Trust Acquires a Boutique Lifestyle Hotel in Downtown Nashville and Repurchases Shares
RLJ Lodging Trust | August 1, 2022
BETHESDA, Md --RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that it acquired the fee simple interest in the 124-room, 21c Museum Hotel Nashville (the “Hotel”) for a purchase price of $59.0 million, or approximately $476,000 per key. The property was converted to a boutique lifestyle hotel in 2017, following the transformational conversion of the historic Gray & Dudley Building in Downtown Nashville, Tennessee. “We are thrilled to acquire this unique, high-quality hotel located in one of the most dynamic, long-term growth markets in the country,” commented Leslie D. Hale, President and Chief Executive Office...
Nashville Hotel Market Continues Its Path to Recovery
Marc Greeley | June 28, 2022
By Marc Greeley Due to the COVID-19 pandemic, Nashville realized one of the steepest lodging depressions of U.S. major markets, followed by an accelerated recovery in the second half of 2021. While there is still a way to go before reaching full recovery, lodging demand has already reached levels that even the most positive forecasts at the peak of the pandemic did not project, supported by the breadth of economic investments and the city’s reputation as a major leisure destination. Uncertainty surrounding rising inflation and interest rates, and the resulting hint of a looming recession, is an ongoing consideration when analyzing Nashvi...
Short-Term Rentals Record Higher Occupancy in May
STR | June 21, 2021
HENDERSONVILLE, Tennessee — June 21, 2021 — Short-term rentals in Miami, Nashville and Philadelphia recorded month-to-month increases in occupancy, according to May 2021 data from STR. The occupancy levels continued to be higher than those reported by hotels in each market. Building on STR’s world-leading hotel performance database, Miami, Nashville and Philadelphia are the first three U.S. markets where the company has expanded its benchmarking offerings via a pilot study. Included in STR’s short-term rental sample are both multifamily and single-family short-term rentals. May 2021 short-term rental performance, perce...
