Rockbridge Acquires Hilton Garden Inn in Downtown Nashville, Tennessee for $80.3 Million
COLUMBUS, OH. August 2, 2016 - Rockbridge announced the acquisition of the Hilton Garden Inn in the SoBro district of Nashville, Tennessee.
The property is located on South Broadway in very close proximity to the Music City Center, Bridgestone Arena, Convention Center, and downtown entertainment district, ideally situated among a diverse group of corporate, leisure and group destinations.
"Nashville is an exciting and growing city, and we are very pleased to invest in a new, institutional-quality hotel in the center of this vibrant, dynamic market," said Rockbridge CEO Jim Merkel.
With 214 guest rooms, the hotel features many high-quality leisure amenities guests appreciate today such as a rooftop outdoor pool with terrace, a full-service restaurant, the SoBro Sports Bar and Grill, a wine bar, and on-site parking garage.
Chartwell Hospitality, a local development and management company, will be retained to manage the property.
"Chartwell is a strong partner, and we look forward to a long, mutually beneficial relationship," Merkel added.
About Rockbridge
Rockbridge is an investment platform with nearly two decades of experience in real estate and operating companies. Rockbridge has made over 200 investments in 38 states and is currently ranked the 14th largest hotel owner and developer in the U.S. For additional information about Rockbridge, visit www.rockbridgecapital.com.
Contact:
Lara Forsman
laforsman@rockbridgecapital.com
614-246-2548
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
