Tennessee Hotel Development, Construction & Transactions

Tennessee's hotel pipeline reflects the state's position as a major Southeastern development hub, anchored heavily by activity in Nashville. Among the 76 projects currently tracked by Lodging Development, representing 13,669 rooms, the market spans everything from select-service and extended-stay properties to large-scale luxury and upper-upscale developments in the state's urban core. Recent openings and transaction activity across Nashville, Knoxville, and Chattanooga underscore continued investor and developer interest in Tennessee's hospitality market, spanning both new construction and ownership changes at existing properties.

Among the projects currently tracked by Lodging Development in Tennessee, the pipeline is led by count in the upscale and upper-midscale segments, which together account for 38 of the 76 projects tracked and roughly 5,975 of the state's 13,669 tracked rooms. Notable individual projects include the 817-room Signia Hilton Nashville Yards, being developed by Southwest Value Partners, and the 405-room InterContinental Hotel & Residences Nashville from DAC Developments — both reflecting Nashville's continued draw for large-scale, high-end development even as luxury projects remain a small share of the overall pipeline. Additional activity includes Pinnacle Hospitality Partners' Sliver Hotel Nashville SoBro and The 9 Group's dual-brand Hampton Inn | Tru Nashville Gulch, now in final planning.

Tennessee has recorded 43 hotel openings totaling 6,048 rooms over the past 24 months, among those tracked by Lodging Development. The most recent addition, the 150-room Home2 Suites | Tru by Hilton Chattanooga West Lookout Mountain, opened in late July 2026, following openings of the TownePlace Suites Nashville Brentwood and Holiday Inn Express Knoxville Downtown in June. Higher-scale debuts include the 260-room Motto Nashville Downtown, the 161-room Tempo by Hilton Nashville Midtown, and the 123-room Caption by Hyatt Chattanooga Downtown, reflecting continued upscale brand expansion across the state's major metros.

Over the past 18 months, ending six months prior to this report, Lodging Development tracked 39 hotel transactions across Tennessee, with reported sale prices totaling approximately $634 million among the 23 deals of $10 million or more where pricing was disclosed. The largest recorded transaction was the sale of the 260-room Motto Nashville Downtown for $98.2 million, acquired by Apple REIT Companies. Additional activity in the Knoxville market included the sales of the Residence Inn Knoxville Cedar Bluff and Courtyard Knoxville Cedar Bluff, reflecting ongoing turnover among select-service assets outside the state's primary Nashville market.