JRK Hotel Group Acquires the 472-room Sheraton Downtown Nashville
NASHVILLE, TN - August 29, 2012 - JRK Hotel Group, a leading independent hotel operator and a subsidiary of JRK Property Holdings, announced today that it has acquired the Sheraton Nashville Downtown Hotel located in Nashville, Tennessee. The 472-room property sits in the heart of Music City just blocks from the historic 2nd Avenue Entertainment District, Printer's Alley, the Country Music Hall of Fame, LP Field and much more.
"We are very excited about growing our presence in Nashville and we think the Sheraton has tremendous potential to be a leader in the market," said John Flannigan, President of JRK Hotel Group.
In addition to the hotel's premier location, the Sheraton Nashville Downtown features 25,000 square feet of meeting space, dining at Speakers Bistro, the onsite restaurant serving American Cuisine for breakfast, lunch and dinner, and Session's Lounge where guests can choose from a variety of casual eats, coffee and cocktails, to on-the-go meal options.
About JRK Hotel Group:
JRK Hotel Group, a division of JRK Asset Management, owns and operates premium boutique hotel properties around the country, including the Oceana Santa Monica, the Hotel Oceana Santa Barbara, the Roger Williams New York, the Villa Florence San Francisco, and the largest Holiday Inn Express in the nation, located in Nashville, Tenn. The brand is committed to offering guests modern, luxurious accommodations with all the comforts of home, boasting residential design influences, high-tech amenities, and world-class customer service. For more information on JRK Hotel Group, please visit: jrkhotels.com.
About JRK Property Holdings, Inc.
JRK Property Holdings is a fully integrated owner and operator of multifamily, hospitality and self-storage properties. JRK's portfolio is valued in excess of $3.5 billion, generates over $300 million in annual revenues and consists of over 47,000 multi-family units, 1,885 self-storage units and hotels in New York City, Santa Monica (CA), Santa Barbara (CA), and Nashville. For more information, please visit: http://www.jrkpropholdings.com
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