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Historic Nashville Hotel Sale Could Reflect the Decline in Values Brought by Pandemic

Pebblebrook Hotel Trust to Sell a Property That Remains Closed While Nashville Reopens
The historic Union Station Hotel in Nashville, Tennessee, is under contract for $56 million, a price that may be at a discount because of the coronavirus pandemic. (CoStar)
The historic Union Station Hotel in Nashville, Tennessee, is under contract for $56 million, a price that may be at a discount because of the coronavirus pandemic. (CoStar)

An iconic downtown hotel in Nashville, Tennessee, is being sold at a possible discount as values fall across the country in a sign investors may expect a slow recovery from weakened demand brought by the coronavirus pandemic.

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