Nashville's A Hot Hotel Town. Here's Why.
Nashville's hit the lodging demand trifecta: record lodging revenues, RevPAR and sales prices, HREC principal Pat Culligan tells Bisnow. He offers us some reasons why.
1) Employment Base. Nashville's economic base is very solidly built around the more recession-impervious sectors of medical, education and government, Pat notes. "Recovery is a lot easier when the downturn was a bunny hill and not a ski slope."
2)…
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6 New Nashville Hotels Underway
Now's a golden age of hotel development in Nashville, including major luxe chains, independent branches of major chains, up-and-coming boutiques, historic renovations and more. Here's a scorecard of current projects; data courtesy of Visit Music City.
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Daniela Castellon Is Bisnow's Nashville Business Manager
Meet Daniela Castellon, Bisnow's business manager for Atlanta and our newest market, Nashville! Daniela was born in Chile (and we know this is true because she pronounces it correctly: Cheee-lay). Proving that truth is more awesome than fiction, Daniela's family went from the Chilean frying pan to the somewhat brisker climate of Minnesota, where she honed her skill for amazing adaptability. Her major at St. Catherine's College: business-to-business sales (we like that!); she gained invaluable experience as a sales rep at 3M. At Bisnow, she'll be based in New York City and will toggle between Atlanta and Nashville. Her goal: to provide clients with branding opportunities, event and newsletter sponsorships, useful custom content and other ways to establish Bisnow partners as thought leaders. She's excited about Bisnow's entrance into the hot Nashville market, but admits that she needs to brush up on her knowledge of country music. When you meet her, let her know your favorite country song. Welcome Daniela here.
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Plans Call For 400 Apartments At First Tennessee Park
Chris and Tim Ward, sons of a co-owner of the Nashville Sounds, are planning 400 apartments in three buildings at First Tennessee Park. Each of the buildings will be six stories, and contain 25k SF of retail at street level.…
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Here's How Rich You'd Be If You Invested $1k In These 10 Tech Companies...
Everybody knows how the original Microsoft and Apple employees became millionaires the day their companies' went public, but what about those investors with foresight (or luck)? See how much money you would have made today if you had dropped only $1k into these 10 different tech companies the moment they started slicing off shares.
After seeing the numbers, you may wish you had. (We sure do.)
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REIT Scorecard: Last Week's Winners And Losers
NexPoint Residential Trust topped the list this past week, with a whopping 6.5% rise from $13.21 to $14.07/share. The residential REIT's rise comes as SEC filings reveal that Endicott Management snagged 10,000 shares in Q4, bringing its total holdings in the REIT up to $1M.
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BisnowTV: New York Real Estate Morning Update - presented by EisnerAmper
In partnership with EisnerAmper, Bisnow's VP of sales, Miles Bloom, brings you the breakdown of NYC's real estate news for the week, from WeWork's new micro-units to an uptick in US hiring.
Click here for the full video. |
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