Hotel Transaction Tennessee

AJ Capital Partners Acquires the Hilton Garden Inn in Knoxville, Tennessee

The hotel will operate independently as The Volunteer Hotel prior to and during renovations, which will begin in December 2019. Once complete in spring 2020, the 112-key hotel will debut as Graduate Knoxville, part of the Graduate Hotels collection.
The Volunteer Hotel  - Terrace
AJ Capital Partners Acquires the Hilton Garden Inn in Knoxville, Tennessee

Graduate Hotels

Adventurous Journeys (AJ) Capital Partners announced last week that it has acquired the Hilton Garden Inn on Cumberland Avenue across from the University of Tennessee. The hotel will operate independently as prior to and during renovations, which will begin in December 2019. Once complete in spring 2020, the 112-key hotel will debut as Graduate Knoxville, part of the Graduate Hotels collection.

Saloon 16, opening in partnership with University of Tennessee graduate and former NFL quarterback, Peyton Manning, will bring a western-inspired, high-end watering hole to Graduate Knoxville. The name was inspired by Manning's nickname "The Sheriff" and his UT football number 16. The vintage saloon will boast a refined, yet old-school, experience including a jukebox, dart board, live piano and outdoor dining.

Positioned along The Strip, the main-drag connecting downtown Knoxville to the University of Tennessee, Graduate Knoxville will be located on Cumberland Avenue, just steps from campus and the Fort Sanders neighborhood and close proximity to Neyland Stadium. Nestled along the Tennessee River and the nearby Great Smokey Mountains, Graduate Knoxville will offer access to both the city's rich cultural and outdoor offerings.

Created for travelers who seek memory-making journeys, Graduate Hotels is a thoughtfully crafted collection of hotels that reside in the most dynamic university-anchored cities across the country. Each property celebrates and commemorates the optimistic energy of its community while offering an extended retreat to places that often play host to the most memorable days of our lives. There are currently 14 Graduate Hotels open and operating across the U.S. and an additional 17 properties under development and slated to open by the end of 2020.

"Since the inception of Graduate Hotels, it has been a goal of ours to bring a property to Knoxville," said Ben Weprin, Founder and CEO of AJ Capital Partners. "While each Graduate hotel is distinct and personal, this project hits especially close to home."

The hotel will undergo a comprehensive renovation that will touch all guestrooms and common spaces, including the conversion of the existing meeting and event space, as well as the addition of the forthcoming Saloon 16 and Poindexter coffee shop. 



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