Tara Investments, headed up by one of the Patel families out of Charlotte, NC, is under contract to buy the .8 acre site of Yazoo Brewing Company in The Gulch at 910 Division St. This will be their first project in Nashville, and they are eying the Canopy by Hilton brand for this property.
No amount of rooms, height, renderings, or timeline available at this juncture. That site is zoned for downtown in the code, which allows developers the greatest flexibility and latitude when designing their projects.
More will be posted as it is made available.
More behind the NBJ paywall here: https://www.bizjournals.com/nashville/news/2018/07/18/exclusive-hilton-brand-hotel-on-tap-for-yazoos.html
Looking north at part of the Yazoo complex at Division and Overton St:
The site is the gray, somewhat-rectangular section labeled "Yazoo Brewing Company" in the center of this screenshot from Smeagolsfree's excellent Development Map: