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Tru Hotel & Home2 Suites (Hilton bi-brand combo), 10-stories, 223 rooms, SE corner of 5th South & Peabody


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FOR SALE: One gently used bulldozer. Best offer. On-site pickup preferred!! ...joke

More trim work completed. Looking SE from intersection of Peabody St. and 5th Ave. South: Looking north along 5th Ave. South, 1/4 block south of Peabody: Looking north along 5th

Starting 8th floor. 2 to go.  Looking SE from intersection of 5th Ave. South and Peabody St:

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14 minutes ago, memphian said:

Nice brands by Hilton that hit the mark on exactly what the market is missing (good product at an affordable rate). The only thing I could offer as a recommendation would be to build it twice as big. The demand is there, especially for this price point.

Seems most everything being built downtown...as far as hotels and offices...are being built conservatively.

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You're right. I would have thought, by now, the lenders would not be so bearish on Nashville. When you look at how everyone says that it is easier to build a focus service property versus a full service/luxury property you would almost expect a higher room count. Looking at the rendering I don't see space for parking. I am guessing that would be underground or on the backside of the building.

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The Tennessean's take on the new Tru Hotel and Home2 Suites combo structure at 504 5th Avenue South, plus another interior rendering, a shot of the current Cabaret Royale strip club, and Googlemap of location.  This will be directly south of the block that will include the Marriott Tri-Brand, Holiday Inn, and The Joseph Hotel, and catty-corner to the Margaritaville Hotel which will be just to the NW on the opposite corner of 5th and Peabody:

http://www.tennessean.com/story/money/real-estate/2016/07/25/2-hilton-hotels-planned-strip-clubs-sobro-site/87523516/

Tru & Home 2 Suites lobby render, July, 2016.JPG

 

Looking east along Peabody Avenue:

Tru & Home 2 Suites, 504 Fifth Ave. site 2, July, 2016.jpg

Tru & Home 2 Suites, aerial map, July, 2016.png

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6 minutes ago, Nashtitans said:

I wish they used different designs, but they all the same

As we've seen with most (if not all) of these reasonably priced hotels, exterior design really cuts into their bottom line. At the very least, they are mixing up the color scheme.

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