Development is complete on the 234-room Conrad Nashville, Hilton’s first luxury-branded hotel in the market.
The co-developers of the project, Propst Development and Chartwell Hospitality, have sold the hotel to Northwood Investors, a private equity firm that owns and operates real estate in the U.S. and Europe, for an undisclosed sum, according to a news release.
The hotel, scheduled to open June 29, is part of Broadwest, a $540 million, 1.3-million-square-foot, mixed-use project in the Midtown neighborhood.
The goal for Broadwest was to create a property all Nashvillians could proud of, and the Conrad Nashville raises the bar, said Bill Propst, chairman of the Propst Companies, in the release.
“Projects like this draw investment into local neighborhoods and bring new economic stimulus and opportunities to local residents and businesses — the Conrad Nashville alone will employ more than 200 people,” he said. “We are thrilled with the execution of this development and to see it welcome its first guests in the coming days.”
Northwood Hospitality President Javier Rosenberg said Nashville is becoming one of the top destinations for leisure and corporate travel along with meetings and events.
“The Conrad Nashville is set to inspire and redefine the luxury hotel landscape, offering some of the best accommodations and experiences the market has to offer,” he said.
Along with the 234 rooms and suites, the Conrad Nashville also features more than 11,000 square feet of meeting space, a third-level outdoor terrace pool, and food and beverage offerings that include the Blue Aster restaurant and the Thistle and Rye whiskey bar. The Broadwest development project includes 630,000 square feet of Class A office space and 196 luxury condominiums.