Hotel Transaction Tennessee

The Chattanoogan Hotel in Tennessee Sold

The Chattanoogan Hotel - Exterior
The Chattanoogan Hotel in Tennessee Sold

Ascent Hospitality based in Buford, GA announced today that it has acquired The Chattanoogan Hotel, a 198-room property. Ascent will completely modernize and renovate the hotel's upscale guest rooms, meeting rooms, public spaces, as well as the pool and lobby areas, and brand as a Curio Collection by Hilton property.

Located at 1201 Broad Street in the heart of downtown Chattanooga, the hotel has spectacular views of Lookout Mountain, is just six miles from Chattanooga Metropolitan Airport and is in close proximity to the Tennessee Aquarium, Rock City and Ruby Falls.

"The Chattanoogan is a great opportunity for Ascent Hospitality," said Doug Marks, Vice President of Operations, Ascent Hospitality. "With a great team in place and a commitment on making this a premier property, we're excited for what lies ahead. The city of Chattanooga deserves a lot of credit for developing this property as a catalyst to stimulate the redevelopment of the area."

The five-story hotel offers 25,000 square feet of IACC-certified meeting space to accommodate up to 600 people. Other amenities include a spa, an indoor swimming pool and three outstanding restaurants.

Ascent Hospitality is a vertically integrated hotel development and management company whose corporate headquarters is located in Buford, Georgia. The company portfolio consists of over 31 select-service, extended-stay and full-service hotels comprising over 3,000 luxurious rooms in major leisure, business, and convention markets across the United States.