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    627 Old Hickory Blvd Nashville, TN 37209

    Sponsored
    For Sale
    $22,000,000

    Luxury 104-key hotel, new build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 104-key Comfort Inn & Suites hotel represents a compelling investment opportunity in Nashville, Tennessee. Completed in June 2024, this five-story, newly constructed property boasts a prime location at 627 Old Hickory Blvd, just seven miles west of downtown Nashville, directly off Interstate 40, between Midtown and Bellevue. The hotel's strategic placement within one of the nation's fastest-growing and most popular tourist destinations ensures strong occupancy rates. Nashville's booming economy, driven by robust growth in healthcare, music, and tourism, has attracted major employers such as Vanderbilt University Medical Center, Vanderbilt University, Nissan, HCA Healthcare, and St. Thomas Health, fueling significant population growth (20% in the past decade). The hotel operates within a $139 RevPAR (upper midscale) market, projecting over $5 million in revenue upon stabilization. Designed to exceed Comfort Inn's "Rise and Shine" prototype standards, this beautifully built hotel features a unique 5-year licensing window, offering a potential investor the flexibility to reposition the brand and potentially increase Average Daily Rate (ADR). With over 14.5 million visitors contributing over $8.8 billion to the local economy in 2022, this hotel is poised for exceptional returns. The asking price for this remarkable property is $22,000,000. This is a rare opportunity to acquire a brand-new, high-performing hotel in a thriving market.

    Property Features for 627 Old Hickory Blvd

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    5

    HighLights

    • 104‑unit, five‑story, newly constructed hotel.
    • $139 RevPAR market in Nashville's upper midscale segment (2023).
    • Five‑year window for potential reflagging to Hilton, IHG, or Marriott.
    • $5 million in projected stabilized revenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Comfort Inn & Suites Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Hair Salon Clothing Store Nail Salon Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.923353
    Latitude
    36.108831

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    FAQs

    What type of property is this?
    Hotel - Luxury 104-key hotel, new build.
    Where is this hotel located?
    The property is located at 627 Old Hickory Blvd Nashville, TN.
    What is the asking price?
    The asking price for this property is $22,000,000.
    What are key features of this property?
    This property features: 104-unit, five-story, newly constructed hotel.; $139 RevPAR market in Nashville's upper midscale segment (2023).; Five-year window for potential reflagging to Hilton, IHG, or Marriott.
    Request Owner's contact information
    627 Old Hickory Blvd Nashville, TN 37209
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    Nashville, TN 37209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    627 Old Hickory Blvd Nashville, TN 37209
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