{"id":1004100642,"date":"2014-07-16T10:30:17","date_gmt":"2014-07-16T18:30:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=277212"},"modified":"2020-05-18T12:17:46","modified_gmt":"2020-05-18T20:17:46","slug":"walton-street-capital-pays-70m-for-doubletree-by-hilton","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/","title":{"rendered":"Walton Street Capital Pays $70M for DoubleTree by Hilton"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

\"\"<\/a>Downtown Nashville keeps on getting hotter. Most recently, the 337-key DoubleTree by Hilton Nashville Downtown traded hands for approximately $206,000 per key, which is just short of a $70 million total purchase price, reported The Tennessean<\/a><\/em>.<\/p>\n

The downtown hotel\u2019s new owner is Chicago-based investment firm Walton Street Capital LLC, which purchased the downtown asset from a joint venture comprising AEW Capital Management of Boston and Cordova, Tenn.-based Wright Investment Properties. According to information available on PropertyShark.com<\/a>, <\/em>the joint venture, operating as <\/em>AEW\/Wright Nashville Owner LLC, bought the 1979-built hotel in early 2007, paying $50 million. According to The Tennessean<\/em>, the 11-story hotel recently went through a $1.5 million interior upgrade, after undergoing a $5 million renovation in 2008.<\/p>\n

Located at 315 Fourth Ave N., the 240,423-square-foot hotel features amenities such as 20,000 square feet of flexible meeting space, a total of 23 meeting rooms, a business center, fitness center, indoor pool, bar, lounge and on-site convenience store, snack shop and gift shop.<\/p>\n

Buyer Walton Street Capital is not new to the Nashville market, as it purchased the 220-unit apartment component of Velocity in the Gulch in 2012. As previously reported<\/a><\/em>, it had paid former Atlanta-based owner Pollack Shores Real Estate Group $37.5 million for the unsold condos turned apartments. The sale had broken Nashville\u2019s per unit and per square foot record. Of course, thanks to Nashville\u2019s white-hot apartment market, the records have since been broken several times over by sales such as Vista Germantown<\/a>, Wyndchase Aspen Grove<\/a> and most recently Elliston 23<\/a>.<\/p>\n

Image courtesy of DoubleTree by Hilton Nashville Downtown<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By Eliza Theiss, Associate Editor Downtown Nashville keeps on getting hotter. Most recently, the 337-key DoubleTree by Hilton Nashville Downtown traded hands for approximately $206,000 per key, which is just short of a $70 million total purchase price, reported The Tennessean. The downtown hotel’s new owner is Chicago-based investment firm Walton Street Capital LLC, which […]<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[1815],"class_list":["post-1004100642","post","type-post","status-publish","format-standard","hentry","category-nashville-knoxville","category-latest","tag-national"],"acf":[],"yoast_head":"\nWalton Street Capital Pays $70M for DoubleTree by Hilton - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walton Street Capital Pays $70M for DoubleTree by Hilton\" \/>\n<meta property=\"og:description\" content=\"By Eliza Theiss, Associate Editor Downtown Nashville keeps on getting hotter. Most recently, the 337-key DoubleTree by Hilton Nashville Downtown traded hands for approximately $206,000 per key, which is just short of a $70 million total purchase price, reported The Tennessean. The downtown hotel’s new owner is Chicago-based investment firm Walton Street Capital LLC, which [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-16T18:30:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T20:17:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/DoubleTree-by-Hilton-Downtown-Nashville.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/\",\"name\":\"Walton Street Capital Pays $70M for DoubleTree by Hilton - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/DoubleTree-by-Hilton-Downtown-Nashville.jpg\",\"datePublished\":\"2014-07-16T18:30:17+00:00\",\"dateModified\":\"2020-05-18T20:17:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/DoubleTree-by-Hilton-Downtown-Nashville.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/DoubleTree-by-Hilton-Downtown-Nashville.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Walton Street Capital Pays $70M for DoubleTree by Hilton\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4\",\"name\":\"Eliza Theiss\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"caption\":\"Eliza Theiss\"},\"description\":\"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/eliza\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Walton Street Capital Pays $70M for DoubleTree by Hilton - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/","og_locale":"en_US","og_type":"article","og_title":"Walton Street Capital Pays $70M for DoubleTree by Hilton","og_description":"By Eliza Theiss, Associate Editor Downtown Nashville keeps on getting hotter. Most recently, the 337-key DoubleTree by Hilton Nashville Downtown traded hands for approximately $206,000 per key, which is just short of a $70 million total purchase price, reported The Tennessean. The downtown hotel’s new owner is Chicago-based investment firm Walton Street Capital LLC, which [...]","og_url":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-07-16T18:30:17+00:00","article_modified_time":"2020-05-18T20:17:46+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/DoubleTree-by-Hilton-Downtown-Nashville.jpg","type":"","width":"","height":""}],"author":"Eliza Theiss","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/","url":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/","name":"Walton Street Capital Pays $70M for DoubleTree by Hilton - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/DoubleTree-by-Hilton-Downtown-Nashville.jpg","datePublished":"2014-07-16T18:30:17+00:00","dateModified":"2020-05-18T20:17:46+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/DoubleTree-by-Hilton-Downtown-Nashville.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/DoubleTree-by-Hilton-Downtown-Nashville.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-pays-70m-for-doubletree-by-hilton\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Walton Street Capital Pays $70M for DoubleTree by Hilton"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4","name":"Eliza Theiss","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","caption":"Eliza Theiss"},"description":"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/eliza\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004100642"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100642\/revisions"}],"predecessor-version":[{"id":1004445544,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100642\/revisions\/1004445544"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004100642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004100642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004100642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}