Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with Southwest Value Partners (SWVP) for the development of a Hyatt Regency hotel in Nashville, Tenn. The hotel will be part of SWVP’s 15-acre mixed use urban project that includes the redevelopment of the former LifeWay campus. Expected to open in 2019, the hotel will anchor the northwest corner of Broadway and 10th Avenue and serve as a gateway to Nashville’s central business district.
“We are pleased to be working with SWVP to bring the Hyatt Regency brand to Nashville,” said Mark Chase, vice president of real estate and development for Hyatt. “Nashville is an incredibly dynamic market and a very important one to our organization. We see a bright future for the city and believe that the globally recognized Hyatt Regency brand will resonate with the growing base of business and leisure travelers visiting Nashville. We look forward to offering our guests and Hyatt’s loyal group of meeting and event planners an outstanding new lodging option in this area.”
The Hyatt Regency brand experience is designed around one objective: to connect today’s travelers to who and what matters most to them. Hyatt Regency Nashville will offer 540 smartly designed guestrooms, 60,000 square feet of flexible meeting and event facilities, imaginative culinary experiences, technology enabled multi-functional lobby spaces, a signature Hyatt StayFit gym, and an outdoor pool. Additionally, the hotel will feature multiple community gathering places – areas to relax, meet, engage, and recharge.
“Hyatt Regency Nashville will be the first in a series of excellent hospitality, creative office, residential, and retail offerings we are working to bring to the former LifeWay site in Nashville. In addition to a vibrant live/work/play environment, we expect this project to have a significant positive impact on jobs and Nashville’s employment base, alongside increased direct local spending and city/state tax receipts. We couldn’t be more pleased to kick off this project with Hyatt,” said SWVP Managing Partners Mark Schlossberg and Cary Mack in a joint statement.
Guests of Hyatt Regency Nashville will be within walking distance to Music City Center, the Country Music Hall of Fame and Museum, Bridgestone Arena, the Frist Center for the Visual Arts, the Johnny Cash Museum, and Nashville’s Honky Tonks. Business travelers will have convenient access to Nashville’s central business district, the Tennessee State Capital, the Gulch, Vanderbilt, Tennessee State and Belmont Universities, and major corporations in the area, including Baretta USA, Bridgestone, Hospital Corporation of America, Dollar General, Nissan North America, and UnderArmour.
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