News & Press Releases

Exclusive: Developer kickstarts nearly $500M project in Midtown, on a familiar site

A newcomer developer from Alabama will begin construction in a matter of weeks on a two-tower project in Midtown that will cost nearly half-a-billion dollars and feature Nashville's fourth-largest office tower.

The scope of the $490 million Broadwest development, revealed first in the Nashville Business Journal, reflects the ambition of Huntsville's Propst family to create a signature landmark and the urgency they have to do so as soon as possible. While the spotlight has shined brightest on downtown in Nashville's bonanza of construction, Broadwest is poised to intensify investor interest in Midtown by revitalizing a site that has long awaited development.

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Joint Venture Breaks Ground on Hampton Inn & Suites Capitol View in Nashville’s Urban District

FRANKLIN, Tenn. – June 11, 2018 – Chartwell Hospitality LLC, an integrated hotel operations and development company, and Rockbridge, an investment firm that has been building and investing in brands for nearly 20 years, announced the recent groundbreaking of the 169-room Hampton Inn & Suites Capitol View, located in downtown Nashville’s walkable, dynamic, North Gulch urban district.

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New development coming to Cool Springs near Nissan HQ

Two Franklin-based developers closed Monday a $20 million deal to buy 22 acres near Nissan's U.S. headquarters in the Cool Springs section of Franklin.

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Franklin developers amass huge, prime site in $20M deal with Vanderbilt

A pair of Franklin developers jointly bought land on May 4 that creates a massive development site in Greater Nashville's suburban corporate headquarters hub.

SouthStar and Chartwell Hospitality paid $20 million to buy a 22-acre site from Vanderbilt University Medical Center, at the southwest corner of McEwen Drive and Carothers Parkway. The companies announced their purchase first to the Nashville Business Journal.

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Chartwell Hospitality grows in higher-barrier-to-entry markets

FRANKLIN, TN—After 15 years in business, Chartwell Hospitality has changed and evolved quite a bit. Originally, the hotel acquisition, development and management company had a portfolio of five small hotels in tertiary markets. But now, with 37 hotels across 12 states, it’s got its eye on dual-branded and full-service hotels in higher-barrier-to-entry markets.

Noting that this has been the strategy for the past five years, COO Kevin Green said, “We did a lot of tertiary markets—and there’s nothing wrong with those markets; they’re great to be in—but the truth is a lot of people like doing those markets, so we’ve evolved into high-barrier-to-entry markets.” He added that the company will do deals in tertiary markets if it’s the right deal.

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New Hilton brand coming to Pigeon Forge at Black Fox Lodge

Black Fox Lodge in Pigeon Forge, which opened in December 2016, will become a Tapestry Collection by Hilton hotel this summer.

The 178-room hotel will remain open during minor renovations for the rebranding, according to a news release. When it formally becomes a Tapestry property in August, it will be the tenth member of the Tapestry Collection, which launched in 2017.

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Chartwell Hospitality targets controlled growth

Celebrating its 15-year anniversary in 2018, Tennessee-based development and third-party management group Chartwell Hospitality is prepared for more controlled growth.

In 2003, Robert G. Schaedle III co-founded the company starting with about five “highway-type” hotels. Now the company manages 37 hotels—36 of which are branded—and has seven properties in the pipeline, said Jon Benowitz, VP of capital strategy and investments.

From inception, the company solely focused on select service, but now it has moved into the small full-service space.

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Black Fox Lodge to Join Hilton's Tapestry Collection

FRANKLIN, Tenn. – April 3, 2018 – This summer, Black Fox Lodge in Pigeon Forge, TN will join the Tapestry Collection by Hilton, a portfolio of vibrant, upscale hotels that offer travelers independent lodging experiences combined with value and reliability.

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Capstone Development selects Chartwell Hospitality to manage eleven new properties

Chartwell Hospitality, a Tennessee-based development and third-party management company, is set to manage 11 properties owned by Capstone Development.  The company has managed eight additional Capstone hotels for the past several years.  

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Project with rooftop restaurant further alters main Franklin gateway

A Franklin developer has teed up a fully financed project that will further transform a main gateway into historic downtown Franklin.

Construction is set to begin in May on a mixed-use building at 99 E. Main St., which is the first traffic light drivers encounter after crossing over the Harpeth River into downtown Franklin. You can find that site easily today by looking for the only two tower cranes looming above the 16-block downtown grid. Those cranes are diagonally across the street, helping build the $105 million Harpeth Square development featuring a high-end Hilton Curio and 150 luxury apartments (as seen on our Williamson Watch map).

 

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