Propst Development and Chartwell Hospitality Complete Hilton’s Conrad Luxury Hotel in Nashville
NASHVILLE, Tenn.–(BUSINESS WIRE)–Propst Development and Chartwell Hospitality announced today that they have completed the development of the Conrad Nashville Hotel, located on the Broadwest block in Midtown. The Conrad Nashville is Hilton’s first luxury hotel in Nashville and is scheduled to open June 29, 2022. Additionally, the co-developers have completed the sale of the 234-room property to Northwood Investors, LLC, owner and manager of luxury hotels around the world.
“Our goal for Broadwest was to create a property that all Nashvillians are proud of, and we believe The Conrad raises the bar as one of America’s most luxurious hotel properties,” said Bill Propst, president of Propst companies. “Projects like this attract investment to local neighborhoods and bring new economic impulses and opportunities to local residents and businesses – the Conrad Nashville alone will employ more than 200 people. We are delighted with the execution of this development and to see it welcoming its first guests in the coming days. »
“Our vision was to develop the finest Conrad in the Hilton system and position this hotel as the finest luxury hotel in Nashville. I believe we have achieved that goal,” said Rob Schaedle, Founder and President of Chartwell Hospitality.
Javier Rosenberg, President of Northwood Hospitality LLC said, “We are delighted to add the Conrad Nashville to our portfolio. Nashville is quickly becoming one of the nation’s top destinations for leisure and business travel, as well as meetings and events. The Conrad Nashville is poised to inspire and redefine the luxury hospitality landscape, offering some of the finest accommodations and experiences the market has to offer.
The Conrad Nashville is part of Broadwest, a $540 million, 1.3 million square foot mixed-use master project developed by Propst Development and consists of 630,000 square feet of Class A office space, 196 luxury condominiums and the Conrad hotel. Broadwest encompasses a full city block and has transformed Midtown into one of Nashville’s most active development areas.
Conrad Hotels and Resorts is known for offering its guests a seamless connection between contemporary design, cutting-edge innovation and authentic local culture. The Nashville property offers 234 rooms and suites, more than 11,000 square feet of meeting space, a third-level outdoor pool with sundeck, and distinct food and beverage offerings including the locally sourced Blue Aster Restaurant and Thistle and Rye whiskey bar.
Northwood Investors LLC is a privately held real estate private equity firm that owns and operates real estate in the United States and Europe. The firm currently manages approximately $8 billion in investor capital. Northwood’s flagship fund seeks to opportunistically acquire well-located real estate with a plan to create value through hands-on asset management. Northwood is vertically integrated with in-house operating teams in the office, multi-family, retail, hospitality and city logistics sectors. Please visit northwoodinvestors.com for more information.
For more information, contact John Hughey, President of Propst Properties at [email protected]
About Chartwell Hospitality
Chartwell Hospitality is a fully integrated real estate company based in Nashville, Tennessee. We specialize in the acquisition, development and management of high quality, branded, limited and full service hotels. Founded in 2003, Chartwell consistently outperforms the competition in market occupancy and rates. Simply, our mission is to be the best in the industry. For more information, visit www.chartwellhospitality.com.