NASHVILLE, TN. (February 8, 2024): HRI Hospitality [7] (“HRIH”), with
its local partner C.B. Ragland Company, announces the construction
“topping out” of its latest hotel project, Caption by Hyatt Nashville.
Located in the bustling Gulch neighborhood and just steps away from
popular Nashville destinations including Lower Broadway, SoBro, and the
entertainment district, the 210-room dynamic hotel is scheduled to open
in early 2025.
“This topping out is a major milestone for Caption by Hyatt Nashville,
showcasing our dedication to delivering exceptional, high-quality
lifestyle hospitality in Nashville’s Gulch District,” says Michael
Coolidge, Chief Investment and Development Officer of HRI Hospitality.
“With strong partners like C.B. Ragland Company and Peachtree Hotel
Group, we look forward to unveiling this 12-story hotel, blending
vibrant and intentional design meant to be truly of the community – not
just in it – and setting a new standard for lifestyle hotels in the
heart of Music City.”
Caption by Hyatt Nashville is co-developed by HRI Hospitality and C.B.
Ragland, and upon completion, the hotel will be operated by HRI Lodging.
Hastings Architecture, LLC serves as the architectural design firm, with
Studio 11 Design leads the hotel’s interior design and J.E. Dunn
Construction Company serving as the project’s general contractor. The
hotel’s ownership group consists of HRIH, CB Ragland, Peachtree Hotel
Group and two local family offices.
The forthcoming hotel will feature Nashville-inspired décor and
colorful murals throughout, in addition to 2,200 square feet of indoor
and outdoor meeting space, a mobile-first check-in experience, fitness
center, and welcoming culinary common space at the heart of the hotel
and signature to the Caption by Hyatt brand, _Talk Shop_. This
multi-functional food and beverage experience invites guests to connect
with each other and the destination, serves as a lively welcome area,
all-day lounge and workspace, coffee shop, grab-and-go artisanal market
and bar featuring American cuisine influenced by Nashville culture.
The project also includes a 7,000-square-foot restaurant space for lease
and a 150-stall parking garage that will service the hotel and
neighboring office buildings. Guests at the elevated property will have
direct access to the city’s best retail shops, restaurants, bars and
live entertainment.
“This is an exciting moment for Hyatt, HRI Hospitality, and C.B. Ragland,
with whom we have a long-standing, strong relationship,” said Jim
Tierney, senior vice president, development and owner relations, Hyatt.
“We’re grateful to collaborate with both to continue growing their Hyatt
portfolio with Caption by Hyatt Nashville, which will be grounded in a
commitment to caring for people and places. We look forward to bringing
the Caption by Hyatt brand to Nashville and helping transform how people
travel, connect, and interact with one another and the places around
them.”
Caption by Hyatt Hotels combines the design and comfort of a
lifestyle-forward hotel with the flexibility and self-guided options of
a select-service property. Caption by Hyatt Nashville will be the second
opening for the brand, joining Caption by Hyatt Beale Street Memphis,
which opened in 2022, and the third property developed by HRIH in
Nashville, joining the Holston House hotel, part of The Unbound
Collection by Hyatt brand, which opened in late 2017. The brand will
also open two locations this year in Asia, including Caption by Hyatt
Namba Osaka and Caption by Hyatt Shanghai.
For more information on HRI Hospitality, visit
https://hrihospitality.com/ [1], and on Caption by Hyatt brand, visit
captionbyhyatt.com [8].
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About Caption by Hyatt
The Caption by Hyatt brand redefines what hospitality looks like in the
modern world. Designed to be truly of the community–not just in it–the
people make the place throughout each Caption by Hyatt Hotel. Caption by
Hyatt hotels hire local, buy local, and vibe local. Be it an open-mic
night or a pop-up art installation, each space within Caption by Hyatt
Hotels is programmed to reflect each destination and its community. At
the heart of each Caption by Hyatt Hotel is Talk Shop: an all-day spot
where guests can eat, drink, get some work done, hang with friends, or
just chill. Caption by Hyatt Hotels offers guests a place to “be you, see
you, and do you,” with a tech-forward mindset offering self-check-in,
digital keys, mobile-order food service, Staycast streaming technology,
and more.
About HRI Hospitality
HRI Hospitality has built a robust lodging and mixed-use platform over
its 40-year history and currently owns and/or manages a diverse
portfolio throughout the nation’s premier lodging markets while
maintaining an active development pipeline. Currently “Elevating the
Urban Experience” for guests and managing a portfolio of branded and
independent institutional quality hotels in key markets across the
United States, HRI Hospitality is an approved operator for all major
full- and focused-service brands. Leveraging its seasoned leadership
team, deep sector expertise, and a vast network of industry relationships,
HRIH’s hotel management platform practices a balanced approach to
operations, encompassing People, Profit, and Revenues. The combination
of our philosophy and practices enable us to continue to grow and
enhance our position as an innovative leader in the hospitality
industry. For more information, please visit
https://hrihospitality.com/.
About Peachtree Group
Peachtree is a private equity investment, asset, and fund management firm
focusing on opportunistically deploying capital across its distinct
operating and real estate divisions, including hospitality, commercial
real estate lending, residential development, capital markets, and media.
Since its founding in 2008, the company has completed hundreds of real
estate investments valued at more than $8.2 billion in total market
capitalization and currently has more than $2.3 billion in equity under
management. For more information, visit www.peachtreegroup.com [9].
About C. B. Ragland
C. B. Ragland Company (“CBR”) is a family-owned and operated business
which was established in 1919. The Company was founded by Charles Burton
Ragland as a wholesale grocery distribution company in downtown
Nashville. In 1948, the Company formed Colonial Realty, a wholly owned
subsidiary that owned, developed, and managed the Company’s real estate
holdings. By 2001, the Company had grown to become one of the largest
wholesale grocery distributors in the country and one of the top 10
privately held companies in Middle Tennessee. In 2002, the Company sold
its wholesale grocery business to concentrate on real estate. Today,
the Company focuses on both management and development of Company-owned
properties as well as third-party fee management, brokerage, and
development. For more information, please visit www.cbragland.com [10].
