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Peabody Hotel May Be Coming to Nashville


Guest donaltopablo

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Guest donaltopablo

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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Guest donaltopablo

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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