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Vision Hospitality Group Acquires Land In Nashville For $5M

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SOLD
$5,000,000

Tennessee

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Land
Sold 10/23/2023
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Property Image
SOLD

Vision Hospitality Group Acquires Land In Nashville For $5M

110 20th Avenue North

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Land
Sold 10/23/2023
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Summary

TENNESSEE
Asset Type:Land
Transaction Type:Sale

The Vision Hospitality Group, a hotel development company based in Chattanooga, has acquired a piece of land in Midtown, Nashville for the construction of a 12-story Hilton hotel. The site, located at 110 20th Avenue North, was purchased from Roshan Patel for a total of $5 million. This prime land will serve as the foundation for the new Hilton hotel, bringing a renowned hospitality brand to the heart of Nashville.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $5,000,000
  • Address: 110 20th Avenue North, Nashville, TN
  • Market: Nashville, TN

Mitch Patel, the CEO of Vision Hospitality Group, played a pivotal role in this transaction. His expertise and vision for the company led to the successful acquisition of this valuable piece of land. By investing in the development of a Hilton hotel, Vision Hospitality Group aims to contribute to the thriving hospitality industry in Nashville and provide guests with a premium hotel experience.

Players

MP
Mitch Patel
2 deals$24.4M volume
BUYER

Details

SOLD
IMAGE: Mitch Patel DATE: 10/23/2023 ADDRESS: 110 20th Avenue North MARKET: Nashville, TN ASSET TYPE: Land BUYER: Mitch Patel - Vision Hospitality Group (@VHGHotels) SELLER: Roshan Patel SALE PRICE: $5,000,000 NOTE: Vision Hospitality Group, based in Chattanooga, has acquired land for a 12-story Hilton hotel in Midtown, Nashville, paying $5 million for the site

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