627 Old Hickory Blvd Nashville, TN 37209

Property Details for 627 Old Hickory Blvd

Lot size

1.34 lot acres

Property size

54,785 SF

Zone code

CS

Property type

Commercial real estate

APN

114-00-0-172-00

APU

11400017200

Description

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.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Longitude

-86.9233

Latitude

36.1088

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments