The Georgetown Company, First Hospitality Purchase Hutton Hotel in Nashville
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.”
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.