Nashville Hotel Investment Activity Accelerates

Two hotels in Nashville, the 215-room 1 Hotel Nashville and the 506-room Embassy Suites by Hilton Nashville Downtown, sold for a record-setting, all-cash offer of $530 million. According to reliable sources, the sales are expected to be a transfer, pricing 1 Hotel Nashville at about $1 million per key, making it the highest price-per-key hotel ever traded in the market, leaving the Embassy Suites to trade at about $530,000 per key. This is the first significant transaction in Nashville's CBD submarket since 2022 and marks the highest price for a hotel in the United States this year.