Host Hotels Acquires Starwood Capital's Dual-Branded Nashville Property

Starwood Capital Group, Crescent Real Estate LLC, and High Street Real Estate Partners recently announced the completion of the sale of the dual-branded 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown to Host Hotels & Resorts. The specific terms of the transaction were not disclosed.

Location and Features

Situated across from Nashville's Music City Center and a block away from Bridgestone Arena, the property occupies a prime location in the heart of the city, making it an attractive destination for guests and visitors alike.

Statements from Key Figures

Barry Sternlicht, chairman/CEO of Starwood Capital and founder of 1 Hotels, expressed confidence in the strength of their hospitality platform and emphasized their commitment to delivering eco-friendly, luxury experiences. He noted the project's rapid success in becoming one of Nashville's top-performing hotel developments.

Jason Anderson, co-CEO of Crescent, highlighted the joint effort with Starwood Capital in establishing the project as a premier destination renowned for luxury and sustainability within Nashville's thriving hospitality sector. He underscored the project's achievement in executing their business plan and generating substantial returns for investors.

Description of the Dual-Branded Hotel

Opened in 2022, the dual-branded hotel comprises an 18-story 1 Hotel and a 30-story Embassy Suites by Hilton tower, totaling 721 rooms. The development offers over 26,000 sq. ft. of meeting space and boasts amenities such as a holistic spa and rooftop bar at 1 Hotel, and a rooftop swimming pool and bar at Embassy Suites.