NASHVILLE, TN—HREC Investment Advisors arranged the sale of the Holiday Inn Nashville Airport. Fairwood Capital, LLC, acquired the property for $31.6 million.
The 383-room hotel provides guests with access to Nashville International Airport, Gaylord Opryland Resort and Convention Center, Opry Mills and the Grand Ole Opry and downtown Nashville. The property is also accessible via I-40.
The airport submarket is the first submarket to attract overflow business from major events held downtown, and has the added benefit of significant Class “A” office parks surrounding the airport and providing further demand for the hotel, according to the investment advisory firm.