{"id":1004121747,"date":"2015-06-22T11:13:41","date_gmt":"2015-06-22T19:13:41","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=353448"},"modified":"2020-05-17T22:41:39","modified_gmt":"2020-05-18T06:41:39","slug":"moody-expands-in-tennessee","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/moody-expands-in-tennessee\/","title":{"rendered":"Moody Expands in Tennessee"},"content":{"rendered":"

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

\"Embassy<\/a><\/p>\n

Embassy Suites Nashville at Vanderbilt<\/p>\n<\/div>\n

Embassy Suites Nashville at Vanderbilt, a 208-key hotel in Nashville\u2019s Midtown officially changed hands. Moody National REIT I closed on the hotel recently, the Nashville Post<\/a><\/em> reports, which it had under contract since late April. The REIT picked the asset up from TIC Nashville 1 LLC, through Moody National Broadway-Nashville Holding LLC. The purchase, announced in late April clocked in at $66.3 million, is exclusive of acquisition costs.<\/p>\n

The REIT was drawn to the Nashville market by several key target features including an expanding metropolitan area, a growing population, an expanding skilled workforce, a major university and the seat of state government. One of the main draws of the newly-purchased asset is its location: less than two miles from downtown Nashville, within the West End-Midtown district, three blocks from Nashville\u2019s medical corridor and Vanderbilt University. This location allows the select-service hotel to capitalize on both Nashville\u2019s business travelers as well as tourists.<\/p>\n

Embassy Suites Nashville at Vanderbilt is Moody National REIT I\u2019s second Tennessee property. The REIT also owns Hyatt Place Germantown, a 127-key hotel in the Memphis suburb of Germantown. Hyatt Place Germantown was purchased in 2013 for $11.3 million.<\/p>\n

Image credits: Moody National REIT I<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Embassy Suites Nashville at Vanderbilt, a 208-key hotel in Nashville’s Midtown has officially changed hands<\/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":[],"class_list":["post-1004121747","post","type-post","status-publish","format-standard","hentry","category-nashville-knoxville","category-latest"],"acf":[],"yoast_head":"\nMoody Expands in Tennessee - 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\/moody-expands-in-tennessee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moody Expands in Tennessee\" \/>\n<meta property=\"og:description\" content=\"Embassy Suites Nashville at Vanderbilt, a 208-key hotel in Nashville’s Midtown has officially changed hands\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/moody-expands-in-tennessee\/\" \/>\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=\"2015-06-22T19:13:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T06:41:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Embassy-Suites-Nashville-at-Vanderbilt.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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/moody-expands-in-tennessee\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/moody-expands-in-tennessee\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Moody Expands in Tennessee\",\"datePublished\":\"2015-06-22T19:13:41+00:00\",\"dateModified\":\"2020-05-18T06:41:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/moody-expands-in-tennessee\\\/\"},\"wordCount\":211,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/moody-expands-in-tennessee\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/Embassy-Suites-Nashville-at-Vanderbilt.jpg\",\"articleSection\":[\"Nashville - 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