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| Franklin Marriott Cool Springs Hotel, Franklin, TN |
Located in the heart
of the Cool Springs office district at 700 Cool Springs Boulevard, the
300-room, full-service hotel was originally opened in 1999 under the Marriott
brand and extensively renovated in 2007 and 2012.
The hotel offers
three dining outlets, a fitness center, business center, indoor pool and three
concierge floors. The property is
connected to the Cool Springs Conference Center, which has 30,000 square feet
of meeting space.
The HFF investment
sales team representing the seller was led by senior managing director and head
of HFF’s Hotel Group Daniel C. Peek, director KC Patel and
associate director Cyrus Vazifdar.
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| Daniel C. Peek |
“Franklin, Tennessee, is one of the country’s
strongest and most dynamic corporate submarkets and continues to grow with
several major demand-inducing developments underway. This has attracted interest from many of our industries most
well-respected investors, including this transaction.”
“The interest in
higher quality, full-service lodging product has been tremendous recently,”
Peek added. “We were fortunate to
attract interest from numerous institutional investment firms who viewed the
Marriott Cool Springs as an opportunity to enter a historically strong lodging
market via Franklin’s top hotel asset.”
HFF is a leader in
the sale and financing of all types of hotel/lodging assets including branded,
full-service, institutional-quality hotel properties. The firm recently arranged sale transactions for the Raleigh
Hotel on South Beach in Miami; the Shores Resort and Spa in Daytona Beach and
the DoubleTree Dallas – Campbell Centre.
For a complete copy of the
company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post
Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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