INNIN Hotel Partners acquires the Hyatt Place Nashville/Franklin/Cool Springs from an institutional seller with plans to convert the property to a Hyatt Select. Hunter Hotel Advisors' Tim Osborne, senior vice president, facilitated the transaction. Other terms and conditions were not disclosed.
Located off I-65 in the heart of Cool Springs, Hyatt Place Nashville/Franklin/Cool Springs offers direct access to major corporate hubs including Nissan North America, Microsoft Corporate Office and Highwoods Office Park. Adjacent to the hotel, the CoolSprings Galleria draws retail traffic with 150 stores and 9 anchor tenants. With over 16.8 million visitors annually, the hotel is near downtown Nashville, home to Nashville Yards, River North and Music Row. The region is supported by convention and festival activities serving as the host to Gaylord Opryland Resort and Convention Center, CMA Music Fest and Saint Jude Rock ‘N’ Roll Nashville.
The hotel has a selection of 126 guestrooms, each equipped with media and work centers. Amenities include an on-site fitness center, business center and outdoor pool.
“We’re excited to reposition the property as a Hyatt Select,” Shivam Patel, managing principle of INNIN Hotel Partners, said in a statement. “The brand aligns well with the market, and we believe it will drive long-term value. Big thanks to the Hunter team for always delivering as promised.”