Starwood Capital Group, Crescent Real Estate LLC and High Street Real Estate Partners have revealed that controlled affiliates have completed the sale of the dual-branded 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown to Host Hotels & Resorts. Terms of the transaction were not disclosed.
“Our successful development of 1 Hotel and Embassy Suites, together with our partners at Crescent, further demonstrates the strength of our hospitality platform and our commitment to bringing eco-friendly, luxury guest experiences to market,” said Barry Sternlicht, chairman/CEO, Starwood Capital and founder of 1 Hotels. “This award-winning project has quickly risen to be one of the top-performing hotel developments in Nashville, and I am confident the Host Hotels & Resorts team is an ideal steward for this property going forward.”
Jason Anderson, co-CEO, Crescent, said, “We are proud to have joined Starwood Capital in developing this project into a premier destination at the forefront of luxury and sustainability in Nashville’s thriving hospitality economy. Together with our partners, we are delighted that our highly successful joint venture has executed our business plan and created significant returns for our investors.”
Opened in 2022, the dual-branded 1 Hotel and Embassy Suites consists of an 18-story 1 Hotel and a 30-story Embassy Suites by Hilton hotel tower. The development totals 721 rooms with more than 26,000 sq. ft. of meeting space and features amenities such as the 1 Hotel’s holistic spa and rooftop bar and event deck area, and the Embassy Suites’ rooftop swimming pool, bar and event space.
Located across from Nashville’s Music City Center, the site is a block from Bridgestone Arena.
