Rockbridge Acquires The Tennessean Hotel and Holiday Inn Knoxville Downtown Hotel

USA, Columbus, Ohio. February 05, 2019

Rockbridge announces the acquisition of The Tennessean Hotel and the Holiday Inn Knoxville Downtown Hotel, both of which sit in prime locations in downtown Knoxville. Aimbridge Hospitality will manage both hotels.

“We look forward to delivering a transformational renovation to the Knoxville Community that will bring economic prosperity to the region,” said Jim Merkel, Rockbridge CEO. “Matt Welch, who led this investment for Rockbridge, was instrumental in delivering our core values, that will result in a win-win-win for our customers, the Knoxville Community, and our investors.”

The Tennessean features 82 guest rooms and offers full-service dining in the Drawing Room Restaurant. Situated near the banks of the Tennessee River, guests have easy access to attractions in Knoxville, including a variety of historic landmarks, outdoor recreational activities, and a vibrant arts, theatre and culinary scene. Less than an hour drive from the Great Smoky Mountain National Park, Knoxville is also home to The University of Tennessee.

The 286-room Holiday Inn Knoxville Downtown will undergo a comprehensive renovation which will touch almost every area of the property including guest rooms, lobby, meeting space, restaurant/lounge and exterior. The hotel is ideally located adjacent to the Knoxville Convention Center and within walking distance to many attractions, including the Knoxville Museum of Art, historic Market Square, and the University of Tennessee. 

“It's an honor to partner with Rockbridge, and we are proud to add these two hotels to our management portfolio,” said Dave Johnson, Chairman and CEO at Aimbridge Hospitality. “We look forward to providing world class service, and the positive results this partnership will produce.” 

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in March 2020...

Human Resources: Confronting a Labor Shortage

With the unemployment rate at its lowest level in decades (3.7%), what has always been a perennial problem for human resource professionals - labor shortage - is now reaching acute levels of concern. It is getting harder to find and recruit qualified applicants. Even finding candidates with the skills to succeed in entry-level positions has become an issue. In addition, employee turnover rates remain extremely high in the hotel industry. As a result of these problems, hotel HR managers are having to rethink their recruitment strategies in order to hire the right talent for the right job. First, hotels have been forced to raise their wages and offer other appealing perks, as a way to attract qualified candidates. Secondly, HR managers are reassessing their interviewing techniques, focusing less on the answers they receive to questions and more on observable behavior. Part of this process includes role-playing during the interview, so that the recruiter can gauge how a candidate works through specific problems and interacts with other team members. Additionally, some HR managers are also creating internal talent pools as a way to address labor shortages. Instead of utilizing department resources to find new hires with specific skills for needed positions, hotels are cultivating talent pools internally and preparing their employees to assume leadership roles whenever the time comes. They are also placing greater emphasis on a company culture that is more performance-based, as a way to curb employee turnover, increase employee satisfaction, and assure higher levels of customer service. Finally, recognizing the importance of employee retention as a way to lessen the impact of a tight labor market, some HR managers are instituting generous reward programs in order to retain their top performers. The March Hotel Business Review will explore what some HR professionals are doing to address these and other issues in their departments.