#Grand Hyatt Nashville

[zafiro-anyejo]

It's so cool how BCS was my last fandom. This show with all its nuanced characters and heavy-handed themes and love, love, love at the center of it all.

[glamrockcas]

Uhhhhh?? are you guys ok

[icaruspendragon]

this user got trapped with the cast of supernatural in the parking garage basement of the grand hyatt regency hotel in nashville, tennessee

[sterlingterrell]

Where I Sit 36

Where I Sit 36: Grand Hyatt, Nashville, TN

[news247planet]

#Media #Winners #NFL SEC Media Days winners, losers from Monday: Brian Kelly's accent, Jimbo Fisher's inspiring swag https://news247planet.com/?p=435655

[hotelsociety]

Sean Brock’s next generation of restaurants are coming to Nashville in the fall. The news is good for hotel lovers. Situated at the new Grand Hyatt Nashville, Brock will launch a new space that is, “inspired by the original great American hotel restaurants, to invigorate the spirit of those historic dishes.”

“Luxury favorites from the 19th and 20th centuries”—think Crab Louie, Lobster Thermidor, Oysters Rockefeller, and lots of dishes finished tableside, including Trout Amandine, Caesar Salad, and Crèpes Suzette.”

Brock goes on, “It will be inspired by the classic steak dishes of the 19th-century American hotel cookery of that era, [which] was so creative and fun!”

So into this concept. Hotel classic restaurant heavy on the tableside service. Love this. 

[highlifestyleindia]

At sunset, Nashville's rooftop bars reveal a gleaming new skyline that is primarily made up of hotels.

Nashville Yards is a brand-new mega-development that is anchored by the 25-floor Grand Hyatt, a 21-story Luxury Collection hotel dubbed The Joseph, an 810,000 square foot, 33-story JW Marriott with 533 rooms, and the Thompson, which casts shadows over the low-rise Gulch neighbourhood. All have been newly built, most since 2020. The Graduate Hotel, which is close to renowned hot-chicken eatery Hattie B's and brims with Southern charm, or the megawatt Soho House are examples of smaller launches with outsized personalities that are not included in the list.

The development of the W, a mirrored tower with 346 hotel rooms that are partially cantilevered over a 26,000-square-foot retail complex, cost $191 million, which is a testament to how quickly things are changing. In October 2021, only five months after it first opened, it was sold to new owners for $328.7 million, or $950,000 per room.

Almost every luxury brand is descending: Nashville is anticipating an inflow of five-star hotel brands over the next three years, including 1Hotel, Edition, Conrad, and Ritz-Carlton, as well as a complete renovation of the city's historic landmark, The Hermitage, which first opened in 1910. The Four Seasons, which is expected to debut in a 40-storey tower with 235 hotel rooms and 144 homes with access to a seventh-floor pool deck that seems like it could have been plucked from Beverly Hills, will likely be the most opulent.

Dean Stratouly, president and chief executive officer of hospitality investment business Congress Group and a co-developer of the Four Seasons, compares Nashville's economic future to that of Austin. He adds, "We first started looking in Nashville around 2016 and I was astounded by what was percolating," citing the city's hospitable tax-base structure, a state government that is aggressive in luring industries, and quickly expanding infrastructure. These are some of the same factors that led major firms, like Amazon and Oracle, to relocate their headquarters and construct sizable offices here recently, helping to spark a wave of urban white-collar worker migration from both coasts.

But on top of all that, there are really uncommon draw cards for investors in the hospitality industry. Notably, practically every significant US city, including Los Angeles and New York, is within a four-hour flight of Nashville. According to data from hotel industry researchers STR, Nashville has routinely seen increases in both occupancy rates and average daily prices that have helped boost statistics countrywide. Nashville has been one of the five best-performing metropolitan markets during the pandemic.

While bachelorette parties contribute significantly to the city's reputation as a tourist destination, they only account for 1 per cent of tourism-related revenues; corporate travel, which typically generates steady business, accounts for 40 per cent of these, giving the city longevity with a broad range of visitors. Despite the ongoing uncertainty surrounding meetings and conventions, Nashville expects to welcome more tourists in 2022 than it did in 2019. This is even with the record number of travellers passing through Tennessee to reach the Great Smoky Mountains.

According to Butch Spyridon, president and chief executive officer of the Nashville Convention and Visitors Corporation, "Nashville's [Davidson County] annual hotel revenue in 2022 is projected to be 187 percent higher than it was 10 years ago." Spyridon believes there are currently no indications that the growth is slowing.

According to Spyridon, Nashville's development began in 2004 when the city changed its moniker from Music City USA to Music City and began to forge a distinct identity that wasn't just based on Americana and country music.

However, the campaign's focus went beyond a simple name. Nashville has subsequently held events, including the NHL All-Star Game and the 2019 NFL Draft, thanks to the $623 million it set aside for the building of Music City Center, a 2.1 million square foot convention centre that opened in 2013.

The city's rapidly expanding supply of hotel rooms has been filled as a result of the continual inflow of tourists attracted by such events. "We had 4,200 new hotel rooms open during the pandemic, and another 3,100 are under construction to further strengthen our market," said Spyridon. Nearly all hotels were completely booked for the return of the Country Music Awards in early June. "We've been on a 12-year roll of positive momentum."

Of fact, not all indicators reveal the same picture; despite an increase in room counts during the pandemic, the city and every other travel destination experienced reductions in 2020. Even still, Nashville and Tennessee's statistics weren't as bad as they were in other regions of the nation.

And Nashville has experienced the opposite, as opposed to other markets, when the inclusion of additional inventory results in a decline in rates. "In the first four months of 2022, Nashville city hotel revenue was up by 10.5% compared to the same time in 2019," says Spyridon. Despite the fact that business travel has not yet fully recovered, according to forecasts for the entire year 2022, Nashville "will sell 900,000 more rooms than in 2019, delivering a 20 percent increase in hotel revenues."

The majority of Nashville's high-rise construction was previously concentrated within a one-mile radius of the city centre. Soho House, which debuted in February in the historically warehouse-heavy Wedgewood Houston neighbourhood, five minutes south of downtown and on the other side of I-40, is one of the recent boundary-pushers. Despite the neighborhood's continued industrial aesthetic, it has been welcomed by neighbourhood businesses, including hip coffee shops, art galleries, and vintage shops, as well as a sizable Live Nation presence, which has attracted a full-time, skilled labour.

One of those who recognised Wedgewood's potential before it was hip was Ben Weprin, who owns more than $1.3 billion in real estate in Nashville, including the aforementioned location of his own rapidly expanding brand, Graduate Hotels. In 2015, he purchased the May Hosier Sock Factory building and quickly notified his friend and Soho House CEO Nick Jones about it. Jones believed Nashville had potential in 2014, but it was too early in the city's development for him to make a decision. Recently, it was simple to sell.

The 47 hotel rooms, a Cecconi's restaurant, two stages for live performances, and a 74-foot-long outdoor pool are now all part of the 97,000-square-foot, four-storey Soho House. The atmosphere is laid-back but chic; even during the workday, it's crowded with individuals eating lunch and relaxing with laptops.

A new hotel called Southall will debut this fall in Franklin, 25 minutes south of the city, with 62 rooms and 16 cottages situated on a working farm. It will be a more accessible, more affordable alternative to the always booked-out Blackberry Farm, which is three hours east.

“With Nashville booming nearby, I saw an opportunity,” says Southall’s owner, Paul Mishkin. “We initially toyed with the idea of a B&B, but as we talked to more and more people who lived in the area for years, we were strongly encouraged to go bigger—and that we did!” he says.

Like Southall, the majority of Nashville's newest luxury hotels are promoting the city's upscale dining scene rather than its history as a country music mecca. Sean Brock, the winner of the James Beard Award, has a restaurant at the Grand Hyatt, while Tony Mantuano, formerly of Chicago's renowned Spiaggia, relocated permanently to Music City to manage the ambitious, pasta-focused Yolan at the Joseph.

Luxury companies follow where boldface chefs succeed: Even Kering has stated that it is considering expanding in Nashville, particularly for its Gucci and Balenciaga boutiques.

Nashville is now much more than just Music City, which begs the question of how much luxury Tennessee's capital can sustain before losing its distinct personality. Nashville lost 11,000 citizens in 2021 after a decade of continuous expansion, according to figures from the US Census Bureau, signalling that the extraordinary population boom sustained in 2020 has already peaked.

However, the city is not only interested in Americans who can work from anyplace. It unveiled a six-year, $1.4 billion airport improvement plan in early June, concentrating on the infrastructure required to attract more transatlantic and long-haul flights. In other words, Music City is already planning its next performance—on a bigger stage around the world.

[cashforhousesnashvilletn]

Luxury Coach Service Vonlane Rolls Into the South With Routes Between Nashville and Atlanta

Vonlane, a Texas-based premium transportation company is expanding its luxury motor-coach service with a new route between Nashville and Atlanta. Daily service and 19 weekly departures from each city provide travelers with the eliminate of wait times experienced with other forms of travel. For the first time, vonlane will be connecting two of the South’s fastest-growing cities—Atlanta and Nashville. Travelers can expect a new transportation choice complete with features such as 22 first-class leather seats, ample workspace, complimentary Wi-Fi, and an on-board attendant offering premium cabin service that includes snacks, meals and beverages. Sell My House For Cash Nashville TN “I started Vonlane to give travelers an alternative to the delays and interruptions that accompany short-haul flights and the hassles of driving one’s own vehicle. We have experienced enormous success with our Texas routes as leisure travelers love the luxurious, first-class travel experience at fares below the cost of commercial air travel, and our business travelers know they can work in a quiet, comfortable environment and bill their travel time,” said Alex Danza, founder & CEO of Vonlane. Beginning in November, travelers from Portland to Las Vegas may connect via Vancouver and Calgary. The two cities are about an hour apart by air. The first direct connection between the two metropolises began on Nov. 4, 2015, when Delta Air Lines launched service between Vancouver and Las Vegas; travelers can now book travel at www.vonlane.com starting immediately. Service begins with a three-month introductory rate of $99 one-way or $198 roundtrip transportation without taxes, baggage fees, or change fees starting February 1, and fares will increase to $119 one way or $238 round trip beginning March 1. The first timetable has departures from each city every day as follows: Nashville to Atlanta (Central time zone) Monday through Friday schedule: 6:00 a.m., 10:00 a.m., 4:00 p.m. Saturday and Sunday schedule: 10 a.m., 2 p.m. Atlanta to Nashville (Eastern time zone) Monday through Friday schedule: 6:00 a.m., 12:00 p.m., 4:00 p.m. Saturday and Sunday: 10:00 a.m., 4:00 p.m. Outbound passengers from Nashville to Atlanta will board at the Omni Nashville Hotel, and arrive/depart in Atlanta at the Grand Hyatt Buckhead. The company also announced the opening of its Southeast Region office in Nashville, led by Melissa Burson, who has worked for the firm for the past five years and is transferring this month from Austin, Texas. Danza selected the Nashville-Atlanta route for expansion due to several reasons, such as the length of time it takes to reach Hartsfield-Jackson Atlanta International Airport from Nashville and how traffic has gotten worse in recent years due to Nashville's population growth. “Our luxury coach is a new way to connect two growing, dynamic cities. We know that, for years, both business and leisure travelers come and go between Atlanta and Nashville with great frequency. Our luxury coach offers a real alternative to sitting at the airport or wasting productive time sitting in traffic in either city,” Danza said. The Department of Transportation's statistics show that, among all US airports, Nashville International Airport has the worst record for delays. In June 2022, 24.69% of flights departing from Hartsfield-Jackson Atlanta International Airport were delayed by an average of 60.64 minutes. At Hartsfield-Atlanta Fulton County International Airport 23.84% of outgoing flights were delayed, with an average wait time of 64.18 minutes. “Combine the travel from the office to the airport, the wait in the airport and the potential delay, and our coach can have a traveler closer to their destination, while air travelers may wait for two hours or more just to board the aircraft. At Vonlane, show up 15 minutes before departure, check in, take your seat, kick back and work or read – let us take care of the travel hassles,” Danza said.

[don-lichterman]

Booming Nashville Is Being Transformed by Luxury Tourism

Booming Nashville Is Being Transformed by Luxury Tourism

(Bloomberg)—Stand atop any of Nashville’s rooftop bars at sunset and you’ll find a gleaming new skyline composed largely of … hotels. There’s the 25-floor Grand Hyatt anchoring a new mega-development called Nashville Yards; a 21-story Luxury Collection property called The Joseph; a JW Marriott with 533 rooms over 810,000 square feet and 33 floors; and the Thompson, which casts shadows over the…

[dcain]

Solo Sets>>> Tonight-Grand Hyatt Sunday-Union Staion Hotel Thurs-The Rudder, Tiki Bar (at Union Station Hotel Nashville) https://www.instagram.com/p/CctGGyLOiRH/?igshid=NGJjMDIxMWI=

[riquewihr]

“zip tie dude” has been identified as Eric Munchel of Nashville, TN. there are photos of him wearing the same gear at counter protests over the summer in nashville as well as a video of him and another woman at the Grand Hyatt the night of Jan 6th.

Domestic terrorist masterpost

Masterpost of identified insurrectionists who participated in the violent attempted overthrow/coup of the US government on 7 January 2021.

Richard “Bigo” Barnett of Gravette, Arkansas, who broke into the Capitol and stole mail from Speaker Pelosi’s desk.

Jon Schaffer from heavy metal band Iced Earth under record label Century Media Records.

Known Nazi Matthew Heimbach.

Nicholas Rodean of Frederick, Maryland.

Photos and IDs courtesy of @HomeGrownTerrorists on Instagram.

[rickyrebelrocks]

I love wearing my new leather jacket from Berlin 🇩🇪 Fashion can change your mood instantly because #LifeisaRunway | Styling @elenanazaroff (at Grand Hyatt Nashville) https://www.instagram.com/p/CTp593vPqry/?utm_medium=tumblr

[newgenhotel]

THE ROLE OF THE QUALIFIED INSTITUTIONAL BUYER IN THE HOTEL INDUSTRY

The hotel industry was one of the hardest hit by the COVID-19 pandemic. However, it is recovering and gaining momentum as assets change hands at an accelerated pace.

The lodging industry is expected to see a full recovery towards the end of 2023. Until then, hotel buyers and owners battle it out to find a fair price for hotels on the market.

A qualified institutional buyer (QIB) plays a vital role in the investment sector, but how does this manifest in the hotel industry?

WHAT IS A “QUALIFIED INSTITUTIONAL BUYER” FOR THE HOTEL INDUSTRY?

The real estate industry thrives when properties are turned for a desirable price. Whether it’s the construction of a new building, the sale of residential property or the purchase of commercial infrastructure – real estate contributes to a country’s economic growth.

A qualified institutional buyer (QIB) is a financially sophisticated investor. A QIB is an individual entity that legally requires less protection from issuers than other public investors. Their status is the result of experience, assets under management, or net worth.

In a nutshell, the position of a QIB can be described as follows.

Manage a minimum investment of $100 million in securities on a discretionary basis

Operate as a registered broker-dealer with a minimum of $10 million investment in non-affiliated securities

SEC rule 144A stipulates that QIBs are able to trade securities on the market, thereby increasing the liquidity for the specific security

QIBs benefit greatly from SEC Rule 144A. It provides a safe harbor exemption against the SEC’s registration requirements for securities. In turn, this allows for the public re-sale of controlled and restricted securities, as long as certain conditions are met.

RECENT CHANGES TO THE SEC’S RULES

A recent amendment to the SEC’s rules has expanded the categories of entities in the definition of a QIB. For example, limited liability companies and RBICS are eligible for qualification if they meet the required investment portfolio threshold.

QIBS IN THE HOTEL INDUSTRY

In the hotel industry, it’s possible for entities that manage hotel franchises, mergers, and acquisitions to qualify as QIBs. As the hotel industry is recovering from the impact of COVID-19, the value of holding a QIB status is becoming more relevant.

For the past year, the pandemic has pressed pause on hotel development, investment, and acquisition. Now, investors are on the hunt yet again, and QIBs are leading the charge.

WHAT DOES TODAY’S HOTEL BUYER LOOK LIKE?

Unfortunately, the pandemic had a devastating effect on a large percentage of the hotel industry. In 2020, there was a 20% increase in hotel businesses filing for bankruptcy. This figure isn’t expected to settle until late 2023.

However, it’s not all doom and gloom. While the post-lockdown metrics for success may have shifted, the hospitality industry is starting to activate again. Hotel investors, in particular, predict an accelerated trend of increased interest in select-service properties.

MERGER AND ACQUISITION

Many investors are looking for bargains in the buyer’s market, hoping to leverage discounts from the pandemic. Acquisitions offer struggling hotels the opportunity to survive and gain access to a market.

Investors that pursue acquisitions or mergers bring a lot to the table. By combining resources, cutting down operation costs, and sharing industry knowledge, the investment potential is strengthened. As a bonus, market competition decreases.

EXAMPLES OF RECENT ACQUISITIONS

There have been several hotels that have changed hands in states across America. Consider the following examples as insight into the current state of the market.

Tennessee

Dreamscape Cos. acquired the Sheraton Grand Nashville Downtown. The acquisition contributed to the company’s goal of reaching $1 billion in acquisitions over thenext 24 months.

Colorado

Five Senses Hospitality acquired the former Baymont Inn & Suites in Frisco. The hotel will operate independently while undergoing renovation, after which it will join a hotel brand. The acquisition formed part of a joint venture with Bedford Lodging, a Dallas-based hotel development company.

Washington, D.C.

Driftwood Capital, a commercial real estate, development, and lending platform, has acquired the Hyatt Regency Fairfax in Washington, D.C. The plan is to rebrand the hotel with a Hilton flag and be managed by Driftwood Hospitality Management, the investor’s sister company.

NEW OPPORTUNITIES VS. DISTRESS PROPERTIES

While some investors are looking to acquire hotels, others are interested in purchasing distressed properties on the brink of foreclosure. In most instances, the price is discounted and available at auction.

For example, a portfolio of U.S hotels owned by Singapore-based REIT, Eagle Hospitality Trust, were successfully sold after appearing on the auction block.

While some investors look to seize distressed assets, others look for new opportunities entirely. Banks and hotel owners are offering buyers cheaper rates. While this benefits the buyer, it doesn’t necessarily help the hotels in trouble and looking to sell.

THE RISE IN FIRST TIME BUYERS

A QIB can not be an individual investor, regardless of their wealth or financial prowess. However, this has not stopped first-time buyers from entering the hotel investment scene.

First-time buyers have surprised existing players in the hotel investment game. Individuals from high-net-worth and family-office capital are leveraging the value in real estate assets.

Hotels reportedly represent a significant portion of investments belonging to high-wealth individuals, especially those that have developed an attraction to luxury hotels post-COVID.

First-time buyers from high-wealth families prioritize a return on investment. Without industry knowledge, these buyers need to surround themselves with hospitality professionals to meet their financial goals.

BUYERS ARE MOTIVATED AND OPTIMISTIC

There is overarching optimism about the future of hotel investment.

Hotel investment is gaining momentum and is expected to continue to do so as travel opens up again. A combination of economic recovery, vaccine rollouts, and the deep desire to travel is expected to increase the number of hotel bookings – and the predicted success of such assets.

Analysts have assessed the market and predict a full recovery for hotel investment by 2024. Leading up to this point, large private equity investors are assembling strategies for acquisition and investment. The biggest challenge at this point is finding the sweet spot between what the owners and investors agree is a fair sale price.

TIME TO ROLL UP THE SLEEVES

At NewGen Advisory, our team is dedicated industry specialists with a finger on the pulse of hotel investment happenings. We’re constantly monitoring the shifting landscape so that we can expertly guide hotel investors and owners on how to maximize return on investment,

Contact us to find out more about how to buy a hotel or list your asset for sale.

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[news247planet]

#Media #Winners #NFL SEC Media Days winners, losers from Monday: Brian Kelly's accent, Jimbo Fisher's inspiring swag https://news247planet.com/?p=435655