251 Venture Cir

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Address: 251 Venture Cir, Nashville, TN 37228, USA

Atlanta & Southeast + Hospitality

Created date: June 27, 2024

Date last updated: October 25, 2024

Under construction with Fall 2024 open date
Located in an Opportunity Zone
115 guest rooms
Immediate access to downtown Nashville
Two 2,500 square-foot meeting spaces

Property Description

Hilco Real Estate is pleased to present the Residence Inn By Marriott Nashville MetroCenter. This hotel, currently under construction with scheduled open date of Fall 2024, is located in an Opportunity Zone and will feature 115 guest rooms. The Residence Inn will also contain two 2,500-square-foot meeting spaces. Spanning 850 acres adjacent to Downtown Nashville, MetroCenter is a re-energized urban infill location surrounded by numerous new developments. It’s desirable location provides superior access to Nashville’s vibrant Downtown and the city’s hottest neighborhoods including Germantown, East Nashville, The Gulch and more. MetroCenter offers the ideal urban lifestyle with a robust amenity base from Nashville’s top restaurants in Germantown to the running trails along the Cumberland River Greenway. PROJECTED REVENUES: Year 1: $5,851,646 (68% Occ) Year 2: $7,056,550 (75% Occ) Year 3: $8,302,264 (82.5% Occ) Year 4: $8,668,899 (82.5% Occ) Year 5: $8,928,377 (82.5% Occ)

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Hospitality
No. of Units:	115
Year Built:	2024
Lot Size:	2.98 Sq ft
Opportunity Zone:	No
Property Website	Click Here