Nashville to open its second Tempo by Hilton life-style lodge

Dive Brief:

• A dual-branded Tempo by Hilton and Homewood Suites lodge will open in Nashville, Tennessee’s East Bank district, industrial actual property funding and improvement agency Driftwood Capital, which delivered a most well-liked fairness funding for the constructing, introduced Monday in a launch obtained by Hotel Dive.
• The 18-story, 300-room property will likely be constructed close to Oracle’s future $1.4 billion Nashville headquarters, which is at the moment below improvement close to town’s Nissan Stadium. The lodge is anticipated to open in 2028.
• Nashville’s East Bank district “is poised to become a vibrant epicenter anchored by Oracle’s forthcoming headquarters,” Pranav Bhakta, Driftwood’s senior vice chairman of company enterprise improvement, stated in a press release. Nashville’s lodge market is within the midst of a improvement increase, specialists instructed Hotel Dive earlier this yr.

Dive Insight:

The dual-brand lodge is a three way partnership between Nashville-based Skyline Hospitality and Patrick Culligan, in addition to Tampa, Florida’s Sonari Capital Partners. 

Driftwood will conduct full-scale improvement oversight by means of its Driftwood Development Services enterprise. Once open, Driftwood Hospitality Management will function the lodge. 

The improvement will embody roughly 10,000 sq. ft of assembly house, meals and beverage shops and a rooftop overlooking downtown Nashville, in line with Driftwood. 

In a press release, Bhakta referred to as the lodge a “high-impact project.” 

“We are confident this project will deliver a high-quality hospitality experience that aligns with the dynamic growth of the surrounding district, including Oracle’s headquarters and the new Nissan Stadium,” stated Jaimin Patel, managing principal at Sonari Capital Partners. 

Last yr, Oracle introduced that it could be moving its world headquarters to a 65-acre campus in Nashville, in line with CNBC. Corporate relocations comparable to Oracle’s are driving lodge progress within the metropolis, Keith Kurland, senior managing director and co-head of New York capital markets at Walker & Dunlop, instructed Hotel Dive in May. 

“That corporate migration, while the announcements have been made and the work is underway, those jobs still haven’t even hit the market yet,” he stated.

The lodge will home Nashville’s second Tempo by Hilton, a model which opened its second-ever location within the metropolis’s downtown final yr after debuting in 2023. The flag is a part of Hilton’s quickly rising life-style portfolio.