The Georgetown Company has acquired the Hutton Hotel in Nashville, TN. The all-cash purchase of the 250-key Nashville property is the first through the $1 billion hospitality investment platform launched last year by Georgetown in partnership with hotel management company First Hospitality.

Georgetown plans to make design upgrades to its guest rooms and meeting spaces as well enhancements to recently remodeled restaurant and lobby. The company to invest additional capital to build upon the Hutton Hotel brand and further distinguish it as a fixture in Music City.

First Hospitality will manage the Hutton Hotel along with its on-site restaurant and Analog, a 300-seat entertainment venue. The property also houses two recording studios.

“This is a significant acquisition that demonstrates our ambitious intentions in the hospitality sector,” said Adam Flatto, CEO of The Georgetown Company. “We have been interested in Nashville for a long time and when this opportunity arose, we jumped at it.”