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Nashville-Based Real Estate Developer Purchases Local Hotel Property

ABG Real Estate Acquires HomeTowne Studios by Red Roof in Tennessee Capital for $9.5 Million
HomeTowne Studios by Red Roof in Nashville, Tennessee, has been sold to a real estate developer. (CoStar)
HomeTowne Studios by Red Roof in Nashville, Tennessee, has been sold to a real estate developer. (CoStar)
By Robert Ohly
CoStar Research
June 20, 2024 | 6:18 P.M.

ABG Real Estate, a Nashville-based real estate developer founded by Adam Rosenberg, last month acquired a 117-room HomeTowne Studios by Red Roof in the city from Westmont Hospitality Group of Houston for $9.5 million, or $81,197 per room.

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