Skip to content

Search

Latest Stories

Caption by Hyatt opens in Nashville, TN

The hotel, co-owned by Peachtree Group, is the brand's second U.S. location

Caption by Hyatt opens in Nashville, TN

Caption by Hyatt Downtown Nashville – The Gulch is now open in the Gulch neighborhood of downtown Nashville, Tennessee. The hotel, developed in partnership with HRI Hospitality and C.B. Ragland Co., is the brand's second U.S. location. It is co-owned by Peachtree Group.

The hotel will be managed by HRI Lodging LLC, the companies said in a joint statement.


“HRI is thrilled to open the second Caption by Hyatt hotel in the U.S. and play a pivotal role in the growth of this select-service upscale brand,” said Michael Coolidge, HRI Hospitality’s chief investment and development officer. “The Caption by Hyatt brand brings a fresh design perspective and unique food and beverage offerings to the heart of Nashville’s Gulch district. We look forward to collaborating with Hyatt to continue growing this exciting brand together.”

The hotel has 210 rooms, 2,200 square feet of indoor and outdoor meeting space, a fitness center and common areas for working, socializing and small events, the statement said. It is located between downtown Nashville and the West End, near Broadway Street, with access to retail shops, restaurants and bars.

Peachtree Group is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO; and Mitul Patel, principal. It recently surpassed $1 billion in commercial property assessed clean energy financing in 2024, completing 22 transactions nationwide and breaking its previous origination record.

Peachtree recently acquired its sixth Delaware Statutory Trust hotel, the 90-key Home2 Suites by Hilton St. Augustine in Jacksonville, Florida, its third DST offering to close this year.

More for you

HIRE Act Reintroduced amid H-1B Fraud Allegations
Photo by Chip Somodevilla/Getty Images

HIRE Act reintroduced amid H-1B fraud allegations

Summary:

  • Krishnamoorthi reintroduced the HIRE Act, proposing to raise the H-1B cap to 130,000.
  • The proposal would help fill tech and defense gaps, fund STEM education.
  • Doubling the cap could boost Indian H-1B approvals if the system is fair, an expert said.

INDIAN-ORIGIN U.S. REP. Raja Krishnamoorthi recently reintroduced legislation proposing to raise the H-1B visa cap to 130,000 amid new fraud allegations against the program. Experts estimate the increase could create 45,000 to 50,000 additional opportunities for Indian professionals, though political uncertainty persists.

The Halting International Relocation of Employment Act would raise the annual H-1B cap from 65,000 (plus 20,000 for advanced degree holders) to 130,000, according to The Times of India.

Keep ReadingShow less