Motto by Hilton Nashville Downtown changes hands as Apple Hospitality REIT buys newly built 260-room hotel
Transaction marks a notable downtown Nashville hotel investment
A newly constructed downtown Nashville hotel operating under Hilton’s Motto brand has been acquired for approximately $98.2 million, a deal that places the 260-room property into the portfolio of Apple Hospitality REIT. The acquisition coincided with the hotel’s opening, positioning the buyer to begin operating the asset immediately upon stabilization efforts typical for newly delivered properties.
The hotel is located at 311 3rd Avenue S in Nashville’s SoBro area, within walking distance of major tourism, entertainment and convention anchors in the city core. The property’s location situates it near the Broadway entertainment district and close to venues that drive year-round visitation, including arenas, auditoriums and the Music City Center.
Deal structure and pricing details
Apple Hospitality REIT reported acquiring the hotel under a fixed-price “take-out” arrangement that had been secured in advance with a development partner. The company reported a purchase price of roughly $378,000 per room, a common benchmark used in lodging transactions to compare pricing across assets with different room counts and amenity packages.
Because the hotel was newly built, the transaction also illustrates a pathway frequently used by institutional buyers to limit construction-cost exposure: agreeing to acquire a completed project at a predetermined price rather than developing it directly on balance sheet.
What is known about the property
Brand and positioning: Motto by Hilton is positioned as a lifestyle concept with compact room designs and a downtown-oriented footprint.
Scale: The hotel has 260 guest rooms and on-site food-and-beverage offerings.
Facilities: Public information for the property lists event space and meeting capacity designed for smaller-format gatherings.
Market context: downtown performance and demand drivers
Downtown Nashville has remained a focal point for hotel investment due to the breadth of demand drivers concentrated in the urban core. Leisure travel tied to music tourism and large event programming overlaps with convention activity and business travel associated with corporate expansions in the region.
Apple Hospitality REIT cited strong downtown lodging fundamentals in Nashville and referenced performance metrics for the central business district/downtown submarket, highlighting revenue per available room as a key indicator of market strength. For hotel owners, RevPAR combines both occupancy and average daily rate trends, making it a widely used measure of operating momentum.
The acquisition brings a newly delivered, rooms-focused asset into a public REIT structure at a disclosed per-key price, with immediate operating exposure to one of the Southeast’s most active urban hotel markets.
Clarifying the reported sale price
Public transaction disclosures reviewed by the nashville.news newsroom identify the purchase price as approximately $98.2 million. No verified documentation was found supporting a $260 million sale figure for the Motto by Hilton Nashville Downtown at 311 3rd Avenue S.