{"id":1004140537,"date":"2016-03-30T01:43:47","date_gmt":"2016-03-30T09:43:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004140537"},"modified":"2022-12-08T17:44:42","modified_gmt":"2022-12-09T01:44:42","slug":"marcus-millichap-closes-sale-of-downtown-hotel-in-music-city","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/","title":{"rendered":"Marcus & Millichap Closes Sale of Downtown Hotel in Music City"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Nashville, Tenn.<\/strong>\u2014Marcus & Millichap announced earlier this month the sale of a 154-key hotel in downtown Nashville<\/a>. The Hampton Inn & Suites Nashville Downtown was sold for $58.2 million, or $378,000 per guestroom.<\/p>\n

\"Hampton<\/a>

Hampton Inn & Suites Nashville Downtown<\/p><\/div>\n

The property is located at 310 4th Ave. South, directly across from the new 1.2 million-square-foot Music City Center, two miles from Vanderbilt University and eight miles from the Nashville International Airport.\u00a0Guests have access to a variety of amenities, including complimentary breakfast, free Wi-Fi, luxurious indoor swimming pool, fitness room, laundry facility, business center and nearly 2,500 square feet of meeting space.<\/p>\n

\u201cRates that hotel rooms are commanding coupled with a high demand for hospitality properties have made Nashville one of the top hospitality markets<\/a> in the country,\u201d Georgia Krewson, associate director of Marcus & Millichap\u2019s National Hospitality Group (NHG), said in prepared remarks. \u201cThe RevPAR performance in Nashville was among the strongest in the nation\u2019s largest 25 markets in 2015, and the city remains a coveted market due to its extended run of exceptional performance.\u201d<\/p>\n

The seller, MR Hotels LLC, was represented by Krewson, Senior Director Wes Tiner and Associates Scott Franco, Zach Moore and Kelley Deibler.<\/p>\n

\u201cThis transaction<\/a> highlights the ability of the Marcus & Millichap platform to successfully transact in the institutional asset marketplace,\u201d added Peter Nichols, national director of the firm\u2019s NHG. \u201cThe ability of Krewson and Tiner to sell this exceptional asset also illustrates the breadth and depth of relationships developed by Marcus & Millichap agents.\u201d<\/p>\n

Image courtesy of\u00a0Hampton Inn & Suites Nashville Downtown\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Marcus & Millichap has facilitated the $58.2 million sale of the Hampton Inn & Suites Nashville Downtown. <\/p>\n","protected":false},"author":735,"featured_media":1004140538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,13,36077,21742],"tags":[],"class_list":["post-1004140537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-midwest","category-nashville-knoxville","category-latest"],"acf":[],"yoast_head":"\nMarcus & Millichap Closes Sale of Downtown Hotel in Music City - 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\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus & Millichap Closes Sale of Downtown Hotel in Music City\" \/>\n<meta property=\"og:description\" content=\"Marcus & Millichap has facilitated the $58.2 million sale of the Hampton Inn & Suites Nashville Downtown.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/\" \/>\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=\"2016-03-30T09:43:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:44:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Hampton-Inn-Suites-Nashville-Downtown.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\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\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/\"},\"author\":{\"name\":\"Adelina Osan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"headline\":\"Marcus & Millichap Closes Sale of Downtown Hotel in Music City\",\"datePublished\":\"2016-03-30T09:43:47+00:00\",\"dateModified\":\"2022-12-09T01:44:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/\"},\"wordCount\":280,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/Hampton-Inn-Suites-Nashville-Downtown.jpg\",\"articleSection\":[\"Deals\",\"Hotel\",\"Investment\",\"Midwest\",\"Nashville - Knoxville\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/\",\"name\":\"Marcus & Millichap Closes Sale of Downtown Hotel in Music City - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/Hampton-Inn-Suites-Nashville-Downtown.jpg\",\"datePublished\":\"2016-03-30T09:43:47+00:00\",\"dateModified\":\"2022-12-09T01:44:42+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/Hampton-Inn-Suites-Nashville-Downtown.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/Hampton-Inn-Suites-Nashville-Downtown.jpg\",\"width\":800,\"height\":532,\"caption\":\"Hampton Inn & Suites Nashville Downtown\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Marcus & Millichap Closes Sale of Downtown Hotel in Music City\"}]},{\"@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\\\/423ceee57e2e9ef5e458c68f8a3aa615\",\"name\":\"Adelina Osan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/adelina-osan-1.jpg?w=81\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/adelina-osan-1.jpg?w=81\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/adelina-osan-1.jpg?w=81\",\"caption\":\"Adelina Osan\"},\"description\":\"Adelina Osan is a publishing manager with Commercial Property Executive and Multi-Housing News. She joined the team in 2015 as associate editor and covered commercial, residential and student housing news assignments. Adelina has an academic background in public relations and worked in advertising and social media prior to her editorial role. \ud83d\udce7 She's available at adelina.osan@cpe-mhn.com for discussions regarding real estate news, industry trends, research center and other related topics.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adelina-osan\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Marcus & Millichap Closes Sale of Downtown Hotel in Music City - 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\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/","og_locale":"en_US","og_type":"article","og_title":"Marcus & Millichap Closes Sale of Downtown Hotel in Music City","og_description":"Marcus & Millichap has facilitated the $58.2 million sale of the Hampton Inn & Suites Nashville Downtown.","og_url":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-03-30T09:43:47+00:00","article_modified_time":"2022-12-09T01:44:42+00:00","og_image":[{"width":800,"height":532,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Hampton-Inn-Suites-Nashville-Downtown.jpg","type":"image\/jpeg"}],"author":"Adelina Osan","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/"},"author":{"name":"Adelina Osan","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/423ceee57e2e9ef5e458c68f8a3aa615"},"headline":"Marcus & Millichap Closes Sale of Downtown Hotel in Music City","datePublished":"2016-03-30T09:43:47+00:00","dateModified":"2022-12-09T01:44:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/"},"wordCount":280,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Hampton-Inn-Suites-Nashville-Downtown.jpg","articleSection":["Deals","Hotel","Investment","Midwest","Nashville - Knoxville","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/","url":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/","name":"Marcus & Millichap Closes Sale of Downtown Hotel in Music City - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Hampton-Inn-Suites-Nashville-Downtown.jpg","datePublished":"2016-03-30T09:43:47+00:00","dateModified":"2022-12-09T01:44:42+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/423ceee57e2e9ef5e458c68f8a3aa615"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Hampton-Inn-Suites-Nashville-Downtown.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Hampton-Inn-Suites-Nashville-Downtown.jpg","width":800,"height":532,"caption":"Hampton Inn & Suites Nashville Downtown"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-downtown-hotel-in-music-city\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Marcus & Millichap Closes Sale of Downtown Hotel in Music City"}]},{"@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\/423ceee57e2e9ef5e458c68f8a3aa615","name":"Adelina Osan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81","caption":"Adelina Osan"},"description":"Adelina Osan is a publishing manager with Commercial Property Executive and Multi-Housing News. She joined the team in 2015 as associate editor and covered commercial, residential and student housing news assignments. Adelina has an academic background in public relations and worked in advertising and social media prior to her editorial role. \ud83d\udce7 She's available at adelina.osan@cpe-mhn.com for discussions regarding real estate news, industry trends, research center and other related topics.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adelina-osan\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Hampton-Inn-Suites-Nashville-Downtown.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004140537","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\/735"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004140537"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004140537\/revisions"}],"predecessor-version":[{"id":1004628319,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004140537\/revisions\/1004628319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004140538"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004140537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004140537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004140537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}