The transaction marks the company's second acquisition of an urban, full service property in the last 24 months
The Marriott Nashville Hotel at Vanderbilt University has been acquired by an affiliate of White Lodging Services Corporation. Situated adjacent to Vanderbilt University and its expansive medical campus in the heart of Nashville’s West End district, the 311-unit hotel has just undergone a complete guestrooms and corridor renovation. The property is the only hotel on Vanderbilt’s campus, and overlooks the Commodores’ football stadium.
“We are thrilled to be able to execute this off-market acquisition in short order,” said Deno Yiankes, president and CEO of Investments and Development for White Lodging. “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.”
The hotel will undergo a further renovation and re-concepting of the restaurant, lounge, and meeting space in the next 12 months, which will also create an M-Club Lounge, an exclusive VIP-style space designed for elite Marriott travelers with premier amenities and services. The lounge is described by Marriott as a place to “work, recharge, connect, and relax” for Marriott Gold and Platinum Elite Rewards members, as well as guests who choose to add M Club Lounge access to their reservation.
“We have been fortunate to establish a great partnership with Vanderbilt University over the last seven years and look forward to building upon that relationship in the future,” Yiankes said.
The hotel’s prime location offers more than 50 dining and entertainment options within a one-mile radius in the surrounding West End and Music Row districts, plus a complimentary shuttle to/from Nashville's downtown attractions and Music City Convention Center, located a convenient one mile away.
The Parthenon / Centennial Park, Music Row, Country Music Hall of Fame, Nashville Arena, Ryman Auditorium, LP Field (Home of the Tennessee Titans) and more are located within a five minute drive of the hotel.
Source: White Lodging