Skip to content

Search

Latest Stories

Tara sells Nashville Hampton to Image

Hunter Hotel Advisors SVP Mayank Patel brokered the sale

Hampton Inn & Suites Nashville-Airport

Charlotte-based Tara Investments recently sold the 111-key Hampton Inn & Suites Nashville-Airport in Tennessee to Savannah-based Image Hotels.

Who bought the Hampton Inn Nashville-Airport hotel?

TARA INVESTMENT RECENTLY sold the 111-key Hampton Inn & Suites Nashville-Airport in Nashville, Tennessee to Image Hotels. Charlotte-based Tara is led by Managing Partner Amit Patel, while Savannah-based Image is led by CEO and Chairman Jay Patel and President and COO Kal Patel.

The hotel is near River North, a mixed-use development, and Nashville Yards, a $1 billion, 6 million-square-foot project with office space, a convention center, and an entertainment venue. It serves leisure and business travelers and includes a fitness center and outdoor pool.


Hunter Hotel Advisors’ Senior Vice President Mayank Patel brokered the sale.

“We continue to trust Mayank and Hunter with our portfolio, and they were instrumental in this transaction,” said Amit Patel. “This disposition supports our strategy of harvesting capital and reinvesting in high-barrier-to-entry developments with long-term growth potential. The returns from this investment will help us advance future projects in our pipeline.”

Image is a management and development company operating across the coastal South since 1978, according to its website.

The hotel, along Interstate 40 and next to Nashville International Airport, benefits from its location in a key growth market, Hunter said, citing Cushman & Wakefield data. Nashville had 16.8 million visitors in 2023, generating $10.56 billion in direct local spending. The city is a hub for corporate demand and is home to more than 500 healthcare companies and employers such as Bridgestone.

“We are pleased to announce another successful transaction for a long-standing client,” said Mayank Patel. “The sale of the Hampton Inn allows Tara Investments to focus on new developments in Nashville and Charleston, South Carolina.”

In April, Hunter secured $31.47 million in financing for three hotels, executed by Adeel Amin, senior vice president of capital markets.


More for you

JNR Management acquires Freepoint Hotel Cambridge near Harvard University
Photo credit: Hilton Hotels & Resorts

JNR acquires MA Tapestry Collection hotel

Who owns Freepoint Hotel now?

MASSACHUSETTS-BASED JNR MANAGEMENT Inc. recently acquired the 121-room Freepoint Hotel Cambridge, Tapestry Collection by Hilton, in Cambridge, Massachusetts, from Dune Real Estate Partners of New York. JNR Management is led by President Jignesh Patel and Principal and COO Robins Patel.

The hotel is located near MBTA’s Alewife Station and close to Harvard University and MIT, Berkadia said in a statement. The hotel is surrounded by more than 4.5 million square feet of office and lab space, with ongoing area developments expected to drive demand growth.

Keep ReadingShow less
Hampton Inn & Suites Irving Hwy 183 hotel in Texas

RMS opens Hampton Inn in Irving, TX

Hampton Inn & Suites Launches in Irving

Hampton Inn & Suites Irving Hwy 183 is now open in Irving, Texas. The 110-room property is owned by RMS Hospitality LLC, led by managing director Rafiq Islam, and will be managed by Hotel Equities.

The hotel is near Dallas-Fort Worth International Airport, downtown Dallas, the Toyota Music Factory and the Las Colinas community.

Keep ReadingShow less
AC Hotel Portland Lake Oswego Opens After Conversion
Photo credit: Marriott International

Portland AC opens after conversion

The 161-key AC Hotel Portland Lake Oswego in Oregon is now open following the conversion of the former Crowne Plaza Portland-Lake Oswego. It is owned by Lake Oswego, Oregon-based BHG Hospitality, led by principal Bakulesh “Buggsi” Patel, and operated by InnVentures of Kent, Washington.

The hotel is within a 15-minute drive of Portland and near several golf clubs, spas and walking trails, the duo said in a statement.

Keep ReadingShow less
NexGen Hotels Chicago acquisition

NexGen acquires Claridge House in Chicago

NexGen Hotels Expands with Claridge House Chicago Acquisition

NEXGEN HOTELS ACQUIRED the 165-room Claridge House Chicago in Chicago’s Gold Coast Historic District. The hotel will rebrand this summer as part of Hilton’s Tapestry Collection.

NexGen, based in Itasca, Illinois, is led by President Chris Patel.

Keep ReadingShow less