July 5, 2023
Franklin-based Chartwell Hospitality last week announced plans to develop three new hotels throughout Middle Tennessee – in Brentwood, Murfreesboro and Lebanon.
The company has partnered with Ohio-based investment firm Rockbridge Capital LLC on the projects, according to a news release.
“With the influx of people and businesses, the Middle Tennessee area is in high demand for a variety of lodging options,” Will Schaedle, executive vice president of Chartwell Hospitality, said in the release. “Chartwell’s decades of experience allows us to evaluate the hospitality voids of an area and develop specific property types that match travelers’ needs.”
The planned three hotels are:
- TownePlace Suites by Marriott in Brentwood, which will provide 119 rooms and have more than 5 acres of green space, with access to Old Hickory Boulevard and Interstate 65.
- TownePlace Suites by Marriot in Murfreesboro, which will provide 120 hotel rooms. The project is part of the Clari Park mixed-used development and will be located on Medical Center Parkway.
- Home2 Suites by Hilton in Lebanon, which will offer 120 extended-stay hotel rooms with a number of amenities for guests including fitness areas and a business center.
Franklin Construction Group is serving as the construction manager for the three projects.
Chartwell Hospitality and Rockbridge are also partners on the 298-room Hilton at the Nashville International Airport, which is expected to open in 2024.
Chartwell Residential is a fully integrated real estate company based in Nashville that specializes in acquisition, development and management of hotels. The company was founded in 2003. The company’s residential firm, Chartwell Residential, is involved in numerous developments throughout the region, including Chartwell Commons at Beechroft, a 124-unit rental home development in Spring Hill, and a mixed-use apartment development on Charlotte Avenue.
Rockbridge is a hospitality-centered investment firm. The company has invested in properties across 39 states, worth over $10 billion in total capitalization, and has over $3.5 billion in assets under management.