Key Highlights
- Apple Hospitality REIT acquired the 260-room Motto by Hilton Nashville Downtown for approximately $98.2 million, or $378,000 per key.
- The newly constructed hotel opened this week and is located near major Nashville entertainment and convention attractions.
- Strong RevPAR performance in Nashville’s downtown market reinforces the REIT’s confidence in long-term operating returns.
Apple Hospitality REIT has acquired the Motto by Hilton Nashville Downtown in Tennessee for approximately $98.2 million, according to a company press release issued Monday. The purchase price equates to roughly $378,000 per room.
The 260-room hotel, which broke ground last year, officially opened this week. It is located within walking distance of major landmarks, including the Country Music Hall of Fame and Museum, Bridgestone Arena, Ryman Auditorium, Music City Center, and popular attractions along Broadway and Riverfront Park.
Newly Built Property Targets High-Demand Urban Travelers
The property features Motto by Hilton’s Confirmed Connecting Room capabilities, allowing guests to link up to six rooms simultaneously. This design supports group travel and flexible accommodations, aligning with evolving urban hospitality trends.
Apple Hospitality said the acquisition introduces a new and complementary brand to its primarily rooms-focused portfolio, enhancing diversification while maintaining alignment with its core investment strategy.
Nashville RevPAR Outperforms Industry Benchmarks
According to data from STR, a CoStar subsidiary, RevPAR in Nashville’s central business district and downtown submarket averaged approximately $211, representing about 110% above industry RevPAR.
The region’s RevPAR also stood approximately 79% higher than Apple Hospitality’s overall portfolio RevPAR for the same period, highlighting Nashville’s strong operating fundamentals.
Nelson Knight, president of real estate and investments for Apple Hospitality, cited resilient leisure demand, supported by entertainment and sports venues, alongside strengthening business travel, driven by corporate relocations to Nashville’s business-friendly environment.
Portfolio Growth and Long-Term Outlook
Knight added that the company is confident the property’s location, just blocks from Broadway, will help drive strong operating performance over the long term.
Following the acquisition, Apple Hospitality’s portfolio now includes 217 hotels with 29,580 keys, spanning 84 markets across 37 states and the District of Columbia. The portfolio consists of 96 Marriott-branded hotels, 115 Hilton-branded hotels, five Hyatt-branded properties, and one independent hotel.
Conclusion
The acquisition underscores Apple Hospitality REIT’s strategy of expanding in high-growth urban markets with strong demand fundamentals.
With Nashville continuing to outperform industry benchmarks and the Motto brand appealing to modern, experience-driven travelers, the company is well-positioned to benefit from sustained leisure and business travel demand while strengthening the long-term performance of its diversified hotel portfolio.
