The newly constructed property has a total of 721 oversized rooms. Credit: Adam Winger via Unsplash.

Host Hotels & Resorts, a lodging real estate investment trust, has acquired the two-hotel complex in Nashville, US, for nearly $530m in cash.  

This complex houses the 215-room 1 Hotel Nashville and the 506-room Embassy Suites (together referred to as property) by Hilton Nashville Downtown.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The Maryland-based investment trust said that the deal consideration marks 12.6 times the earnings before interest, taxes, depreciation and amortisation (EBITDA) multiple, or a capitalisation rate of around 7.4% on the property’s projected results in 2024. 

With anticipated combined revenue per available room (RevPAR) of $275, total RevPAR of $435, and EBITDA per key of $58,550, the two acquired hotels are poised to be among Host Hotels’ top 25 properties. 

Host Hotels & Resorts president and CEO James F. Risoleo said: “We are excited to add the 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown to our portfolio and establish a presence in one of the country’s most exciting cities.  

“The newly built property has a prime location in Nashville, a top performing market, which had an impressive RevPAR CAGR of 7.7% from 2000 to 2023, even while absorbing new supply.” 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Opened in 2022, the newly constructed LEED Silver-certified property has a total of 721 oversized rooms, with an average size of 500ft² each, with a suite mix of 75%

It has seven food and beverage outlets, including Harriet’s Rooftop. 

Other amenities at the property include a Bamford Wellness spa with six treatment rooms, two fitness centres, a yoga studio, and meeting space.  

The meeting facilities encompass 33,000ft², featuring a 9,400ft² ballroom and 9,300ft² of pre-function space. 

This property is located directly opposite the Music City Convention Centre and within a ten-minute drive of several attractions.