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Guest donaltopablo

Peabody Hotel May Be Coming to Nashville

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This could be great news for downtown Nashville. Peabody is certainly an excellent name recongition hotel, and as far as I know, there are only a handful of them in the southeast to begin with.

You can read the full article here: http://www.bizjournals.com/industries/trav...lle_story1.html

A Peabody Hotel would include nearly 400 guest rooms, up to 50,000 square feet of meeting space and an upscale restaurant. The $90 million project cost does not include the hotel's parking structure, Belz says.

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Really? It's luxury hotel. They are infamous because once a day they have ducks walk down a red carpet through the hotel.

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Our downtown hotel market is pretty much saturated.

Maybe they feel there is demand for another luxury hotel downtown. Also, thanks to a lot of city programs offering tax breaks, this has been a resonable time for hotel construction in DT areas of cities since the tax breaks and loan programs offered by many cities allows them to build hotels in an otherwise saturated/difficult market.

I don't recall the article mentioning any special treatment from the city, but I know it's the reason a lot of hotel construction is continuing.

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Am I dumb or what!? I have never heard of Peabody Hotels, and I luck duck. Seriously, this sounds like a great thing for Nashville. It's good to hear there are still some cities that can support this kind of project.

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I've never heard of Peabody Hotels either. This sounds like good news for Nashville :).

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The Peabody name isn't known in the northeast or western states very well.. ;)

Yeah, they've only got 3 hotesl currently:

Little Rock

Memphis

Orlando

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