NASHVILLE, TN—The Hutton Hotel, in this city’s West End, has been acquired by a joint venture between BentallGreenOak (BGO), Flank Management LP (Flank) and Geolo Capital (Geolo) in an all-cash purchase for an undisclosed price. The four-star hotel, which opened in 2009, has 250 guestrooms and suites, Writers Studios for musicians and a social club and entertainment venue with live performances.
The deal is the first of what BGO, Flank and Geolo hope will lead to more strategic partnerships to come.
“We’re believers in the resiliency of the Nashville market and are excited to be partnered with our friends at Flank and Geolo on this investment,” said Mark Van Zandt, managing partner of BGO.
“We are pleased to make our relationship with Geolo and BentallGreenOak official as partners in this transaction,” said Ken Copeland, Flank CIO/partner. “Despite the challenges we all face in the current environment, we remain committed to Nashville and believe in its strength as a top hospitality investment market in the long-term.”
“We’re thrilled to partner with BentallGreenOak and Flank Management LP to have secured the Hutton Hotel acquisition during such an unprecedented time across all industries,” said John Pritzker, founding partner/director of Geolo Capital. “This venture is a testament to the power of collaboration and fills us with optimism for the months and year ahead.”
The hotel has three dining concepts encompassing a coffee shop, an all-day restaurant and bar and a 5,000-sq.-ft. social club. Additional amenities include a Tesla Model S house car for guest transportation, a fitness center, spa treatment suites and in-room record players with vinyl albums upon request. Hutton Hotel also has more than 20,000 sq. ft. of event and creative space, including 13,600 sq. ft. of flexible space on one floor for meetings and events.