NASHVILLE, TN – The joint-venture of BentallGreenOak, Flank Management LP and Geolo Capital has acquired the Hutton Hotel in Nashville, TN, for an undisclosed price in an all-cash transaction.
The four-star, four diamond, Hutton Hotel opened in 2009 in the city's West End neighborhood.
Offering 250 guest rooms and suites, including three penthouse suites, the hotel caters to Nashville's music culture by additionally offering writers' studios for musicians. The hotel features three dining concepts comprising a coffee shop, an all-day restaurant and bar and a 5,000-square-foot social club and entertainment venue for live performances in a living room setting.
The hotel also features amenities such as a state-of-the-art fitness center with Peloton bikes, spa treatment suites, in-room record players with available vinyl albums upon request, and a Tesla Model S house car for guest transportation.
The hotel offers more than 20,000 square feet of event and creative space, including 13,600 square feet of flexible space for events, meetings and celebrations.
The hospitality transaction serves as the joint-venture's first deal, though the companies anticipate future strategic partnerships.
"We're believers in the resiliency of the Nashville market and are excited to be partnered with our friends at Flank and Geolo on this investment," said Mark Van Zandt, BentallGreenOak managing partner.
"We are pleased to make our relationship with Geolo and BentallGreenOak official as partners in this transaction," said Ken Copeland, Flank Management CIO and partner. "Despite the challenges we all face in the current environment, we remain committed to Nashville and believe in its strength as a top hospitality investment market in the long-term."
"We're thrilled to partner with BentallGreenOak and Flank Management LP to have secured the Hutton Hotel acquisition during such an unprecedented time across all industries," said Geolo Capital founding partner and director, John Pritzker. "This venture is a testament to the power of collaboration and fills us with optimism for the months and year ahead."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
