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RLJ Lodging Trust has acquired the fee simple interest in the 21c Museum Hotel Nashville in Nashville, TN for $59 million.

RLJ Lodging Trust Pays $59M for 21c Museum Hotel Nashville

Bethesda, MD-based RLJ Lodging Trust has acquired the fee simple interest in the 124-room, 21c Museum Hotel Nashville in Nashville, TN for $59 million ($476,000) per key. The property was converted from the 1910-constructed Gray & Dudley Building to a boutique lifestyle hotel in 2017.

“This acquisition underscores our disciplined and focused approach to executing off-market transactions,” said Leslie D. Hale, president and CEO of RLJ Lodging Trust. “Nashville is a burgeoning destination that is poised to outperform throughout this cycle and this property is well-positioned to benefit from these growth trends, given that it is located within the heart of demand, in downtown Nashville’s Arts District.”

The eight-story structure offers over 8,000 square feet of meeting and exhibition space, the Gray & Dudley restaurant and lounge, outdoor event space and a fitness center.

RLJ Lodging Trust owns 96 hotels located across 23 states.

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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