Reade Hotel Management, an affiliate of Reade Hotel Capital based in New York, is adding Embassy Suites by Hilton Nashville at Vanderbilt, located at 1811 Broadway, to its portfolio. The previous owner was Moody National Reit II, a company based in Maryland.
The Midtown hotel features Midtown Bar and Grill, which offers southern dishes and extensive beer offerings. The 208-room hotel also offers in-room dining, meeting spaces and full-service catering.
“Building on our successful partnership with Hilton, we are excited to enhance our portfolio with the addition of the Embassy Suites Nashville at Vanderbilt,” Mark J. Rosinsky, CEO of Reade Hotel Capital, said in a release. “This property presents a unique opportunity to boost transient, group and event business, ensuring that we provide our guests with exceptional service experiences. We are dedicated to implementing innovative revenue strategies and are optimistic about the future prospects of this location in the competitive market.”
Private real estate investment firm Westport Capital Partners will also be involved in the new ownership.
“The Embassy Suites by Hilton Nashville at Vanderbilt is a fantastic property in an incredibly vibrant market. Its location benefits from all that Nashville has to offer,” Sean Armstrong, managing principal at Westport Capital, said in the release. “The city continues to experience significant growth, and we are proud to be a part of that. We are eager to capitalize on these advantages to strengthen its standing as a market leader while also cultivating a productive relationship with Reade Hotel Management.”
Reade Hotel Capital invests in hotels across the U.S., focusing on first-class lodging assets, according to their website.
