August 25, 2017
Start looms on 10-story Hampton Inn in North Gulch
Boyle sells site to Chartwell
Boyle Investment Co. announced Friday it has sold a Capitol View parcel to Chartwell Hospitality and on which the company will develop a 10-story 168-room Hampton Inn & Suites.
Construction is expected to begin late this year with an opening expected in the summer of 2019, according to a release.
The hotel building, to be located at the southeast corner of the intersection of 11th Avenue and LifeWay Plaza, will share Block E of the overall Capitol View site with Boyle’s under-construction multi-tenant office building that will house HealthStream’s new corporate headquarters beginning in early 2019.
The transaction price was not disclosed in a release.
A rendering will soon be released.
In the map, Block E show a small retail fronting 11th and on which work should start soon. The parking garage, like the office tower, is underway.
Franklin-based Chartwell is joint venturing the hotel with Columbus, Ohio-based investment firm Rockbridge. The two entities partner on Chartwell SoBro-based Hilton Garden Inn at Third and Korean Veterans Boulevard.
The hotel, according to the release, will feature “an expansive glass lobby with high ceilings and 4,000 square feet of prominent meeting space, overlooking the dynamic and vibrant Capitol View urban streetscape.” The building will also offer a rooftop swinning pool and fitness gym providing views of the downtown Nashville skyline and historic state capitol building.
“We have a long-established relationship with Boyle, developing highly successful hotels within their master developments,” Rob Schaedle, Chartwell founder and CEO, said in the release. “The Capitol View Hampton Inn & Suites will be our sixth hotel in a Boyle development.”
Jeff Haynes, partner at Boyle Investment said the company spent “three laborious years” searching for the ideal hotel partner
“Our mixed use developments across Middle Tennessee have taught us that the right hotel flag and developer are key ingredients to the success of the project,” Haynes said.
“We are thrilled to partner with Chartwell Hospitality, a top-flight developer and hotel operator,” added Rockbridge CEO Jim Merkel. “Nashville is a dynamic city and hotel market, and we are excited to deepen our roots with our third investment downtown.”
Rockbridge is led by CEO Jim Merkel.
Anchoring the North Gulch, Capitol View will house more than 1.1 million square feet of Class A office space, 130,000 square feet of retail and restaurant space, 600 multifamily residential units, the hotel and a 2.5-acre “urban activity park” connected to Nashville’s greenway system.
Originally Published in the Nashville Post
By William Williams