Tennessee Hotel Development, Construction & Transactions

Tennessee pairs large Nashville hotel proposals with recent openings across several other markets, while upscale and upper-midscale projects lead the tracked development mix. Lodging Development tracks 81 projects totaling 13,928 rooms statewide, including sizable planned properties at Nashville Yards and in downtown Nashville. Recent additions extend to Memphis, Clarksville, Chattanooga, Knoxville, and surrounding communities, with 49 openings totaling 6,792 rooms over the past 24 months. Transaction activity provides another perspective on ownership changes, highlighted by the sale of Margaritaville Hotel Nashville to EPR Properties.

Upscale and upper-midscale hotels lead Tennessee's tracked pipeline, with 21 projects each. Among the projects currently tracked by Lodging Development, the 817-room Signia Hilton Nashville Yards is a notable upper-upscale proposal from Southwest Value Partners. DAC Developments' 405-room InterContinental Hotel & Residences Nashville represents one of the five luxury projects tracked statewide. Both remain in planning, alongside Tourbineau Real Estate Partners' 331-room Unscripted | Hyatt Studios Nashville Downtown and Pinnacle Hospitality Partners' 281-room Sliver Hotel Nashville SoBro. These Nashville proposals illustrate the larger projects within a statewide tracked pipeline of 81 projects and 13,928 rooms; they do not represent the scale composition of the broader project inventory.

The 180-room Drury Plaza Hotel Nashville Southeast Century Farms opened in September 2026, the most recent opening shown. At the upscale tier, the 123-room Caption by Hyatt Chattanooga Downtown opened in late March. August brought the 124-room StudioRes Memphis Cordova, 124-room StudioRes Clarksville, and 105-room LivSmart Studios Clarksville. The 150-room Home2 Suites | Tru by Hilton Chattanooga West Lookout Mountain opened in late July. These properties are among 49 openings totaling 6,792 rooms tracked by Lodging Development across Tennessee over the past 24 months.

For the 18-month period ending six months before the October 2026 reporting date, Lodging Development tracked 38 Tennessee hotel transactions in the $10 million-and-above category. Documented sale prices for 24 transactions totaled $704,398,450; that figure represents known sale value rather than a verified total for all tracked transactions. The remaining records include transactions supported by loan data and others without sufficient pricing information. Among the notable individual sales, EPR Properties acquired the 166-room Margaritaville Hotel Nashville for $70 million in March 2026. This transaction provides a named buyer and disclosed pricing benchmark within the state's recent hotel ownership activity.