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Atlanta & Southeast  + Southeast  + Hospitality  | 
Choice Hotels International, Inc., has sold the Cambria Hotel Nashville Downtown for $109.5 million.

Cambria Hotel Downtown Nashville Swaps Ownership for $110M

Rockville, MD-based Choice Hotels International, Inc., has sold the Cambria Hotel Nashville Downtown for $109.5 million. In addition, the company entered a new long-term franchise agreement with the buyer, and the hotel will now be managed by Pyramid Global Hospitality.

“The sale of the Cambria Hotel Downtown Nashville and execution of a long-term franchise agreement aligns with our long-term asset-light strategy and continues our history of recycling capital utilized to grow our brands,” said Scott Oaksmith, SVP, real estate and finance, Choice Hotels.

The 255-room hotel is located at 8th Avenue and McGavock Street in Nashville’s South of Broadway SoBro neighborhood and a short distance from many Nashville attractions, such as the Music City Center, Bridgestone Arena, Nissan Stadium and Historic Broad Street. The property is also near national and regional corporation including Nissan North America, Bridgestone Americas, Inc., HCA Holdings, Randstad and Electrolux.

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Choice Hotels International, Inc.'s Oaksmith

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition