An unnamed affiliate of White Lodging Services has purchased the Marriott Nashville Hotel situated adjacent to Vanderbilt University in Tennessee, US for an undisclosed sum.
The deal represents the group’s second acquisition of an urban, full service property in the past two years.
Equipped with 311 rooms, the Marriott Nashville Hotel will undergo renovation to add improved and new amenities.
The hotel’s restaurant, lounge and meeting space will be further modernised over the next 12 months.
The renovation will also see the creation of an M-Club Lounge, a VIP-style space designed for elite Marriott travellers with premier amenities and services.
In addition, the location of Marriott Nashville offers more than 50 dining and entertainment options within the vicinity of the neighbouring West End and Music Row districts.
The hotel also provides a complimentary shuttle to and from Nashville’s downtown attractions and Music City Convention Center, situated one mile away.
According to Marriott, the lounge will provide space for ‘work, recharge, connect and relax’ for Marriott Gold and Platinum Elite Rewards members, as well as the guests who select the M Club Lounge access in their reservation.
White Lodging Investments and Development CEO and president Deno Yiankes said:“It clearly meets our objective of investing in premium-branded full service hotels located in prime urban markets that we believe will continue to experience strong growth for decades to come.”
In January this year, White Lodging announced plans to open a new, full-service hotel in Uptown Charlotte, North Carolina, US.
To be developed in partnership with real estate company Crescent Communities, the hotel is scheduled to be completed and opened by early 2021.