Davidson Hotels & Resorts announced that it has taken over management of the 300-room Franklin Marriott Cool Springs in Franklin, Tenn. Additionally, the company will operate the adjoining Cool Springs Conference Center.
The hotel marks the eleventh hotel Davidson will operate on behalf of private real estate funds advised by Crow Holdings Capital - Real Estate (CHC-RE) and affiliates. The adjoining Cool Springs Conference Center, owned in partnership by Williamson County and the city of Franklin, is the fifth convention or conference center Davidson operates on behalf of a municipality. The conference center contains more than 29,000 square feet of flexible event space, including the wedding-friendly Champion Ballroom, and offers the largest ballroom in the area, capable of accommodating up to 1,900 guests.
“Not only have we been operating hotels in the Nashville area for two decades, but we’ve operated seven hotels statewide, showing just how deep our Tennessee roots run,” said John Belden, Davidson’s president and CEO. “Franklin is a thriving community with numerous business and leisure demand generators, making it an ideal addition to our growing portfolio of upper-upscale to near-luxury, full service hotels and high-density, select-service properties. The Franklin Marriott Cool Springs has a strong reputation within the community, and we look forward to continuing its history of active civic engagement. We are particularly excited to be welcoming so many hard working and dedicated associates to the Davidson family.”
The hotel will undergo a comprehensive renovation that will improve all aspects of the property, including all guest rooms and public spaces, as well as the inclusion of Marriott’s new “Great Room” lobby, which creates a seamless experience merging modern, stylish design and comfort, with greater access to food & beverage and technology.
“We have had a highly successful relationship with Davidson since 2003, and we fully expect the Franklin Marriott Cool Springs to continue that run of success,” said Diane Parmerlee, director of hotel investments for CHC-RE.
Located in the heart of Frankin’s Cool Springs office district and immediately adjacent to I-65, the Franklin Marriott Cool Springs is across the interstate from Tennessee’s second largest mall, the Cool Springs Galleria. The hotel offers 300 guest rooms, a fitness center, business center, indoor pool and whirlpool, a restaurant, lounge, Starbucks coffee shop and premiere concierge services. In addition, the property has an expansive outdoor plaza for entertainment events and provides a complimentary shuttle to area businesses and retail/dining options.
“This is a great example of a City, County and private partnership,” said Dr. Ken Moore, Franklin Mayor. “We look forward to a continued collaboration with Davidson Hotels & Resorts as they welcome businesses and visitors to our community.”
“Both the Franklin Marriott and Davidson Hotels & Resorts are well known in Tennessee for their hospitality,” said Williamson County Mayor Rogers Anderson. “We look forward to Davidson helping the hotel increase its appeal and bring new visitors to our area.”
About Crow Holdings Capital-Real Estate (CHC-RE)
Since 1998, Crow Holdings Capital – Real Estate (CHC-RE) and Crow Holdings-affiliated entities have managed six private equity real estate funds that are designed to generate current income and benefit from the capital appreciation of portfolio investments. As of June 30, 2014, these real estate funds have acquired or developed more than $12.6 billion in assets comprised of over 43 million square feet of industrial, over 12 million square feet of retail, over 8 million square feet of office, approximately 25,000 multi-family units, 387 convenience & gas stores, over 8,100 hotel rooms and almost 6,000 acres of lot development.
About Davidson Hotels & Resorts
Davidson Hotels & Resorts is an award-winning, full-service hotel management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. The company has amassed one of the purest full-service hotel portfolios in the industry, ranging from the upper-upscale to near-luxury segments; encompassing 40 upscale, full-service independent and branded hotels with more than 12,200 rooms, and 1.4 million square feet of meeting space across the United States. Davidson is a trusted partner and a preferred operator for Marriott, Hilton, Hyatt and Starwood Family hotels.
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