Nashville hotel sells for $328.7m
Transactions - MARCH 3, 2022

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Nashville hotel sells for $328.7m

by Released

Xenia Hotels & Resorts has agreed to acquire the 346-room W Nashville for a purchase price of $328.7 million or $950,000 per room.

"We are thrilled to have reached an agreement to acquire W Nashville, an outstanding newly constructed luxury lifestyle hotel located in the desirable Gulch neighborhood in the heart of Nashville," commented Marcel Verbaas, Xenia's chairman and CEO. "The addition of W Nashville will mark the 14th property acquired since our listing on the NYSE in 2015 and aligns perfectly with our strategy of owning a portfolio of uniquely positioned premium hotels and resorts located in Top 25 markets and key leisure destinations that we expect to drive superior earnings growth. W Nashville is extremely well-designed and perfectly situated to attract year-round leisure, corporate and group demand."

Having opened in October 2021, the 14-story W Nashville features:

Six food and beverage venues, including two destination restaurants by Chef A
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