SoBro Tri-Brand Marriott Breaks Ground, Hotelier Buys SoBro Parcels
North Point Hospitality broke ground recently in SoBro on the first-ever Marriott hotel to contain three of its brands in a single building. The property will include an AC Hotels, Residence Inn and SpringHill Suites with 209 rooms, 136 rooms and 125 rooms, respectively. "Having successfully developed a dual-branded hotel, the tri-branded concept was a natural progression,” says North Point CEO Jay Patel.
At the groundbreaking, Atlanta-based North Point also unveiled an original 300-pound model of the hotel made with 63,636 Lego bricks (pictured). The commissioned model was designed by artist Sean Kenney. The actual hotel will open in mid-2018. Previously, North Point developed the 194-unit Hilton Garden Inn and adjacent 119-unit Home2 Suites Hotels in the West End/Vanderbilt submarket.
Also in SoBro, Nashville hotelier Ray Dayal and his partners acquired nearly an acre for more than $5.5M, in a deal that included the 19k SF 616 Fourth Ave S building and the 12k SF 600 Fourth Ave S. The engineering and architecture firm Barge, Waggoner, Sumner and Cannon sold 616 Fourth Ave S, while the White family sold 600 Fourth Ave S.
As yet, according to the Tennessean, the buyer doesn't have plans for the site. Colliers International Nashville's Bert Mathews and Shane Douglas repped both sellers, while colleague Larry Beadle repped the Dayal-led Pinnacle 4th & Lea LLC, the buyer.