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Nashville Hotel Prices Decline Amid Higher Interest Rates on Sales and Fewer Luxury Trades

Midscale and Economy Hotels Lead Transactions
The 192-room Homewood Suites by Hilton Nashville Vanderbilt sold in June 2023 for $88 million. (CoStar)
The 192-room Homewood Suites by Hilton Nashville Vanderbilt sold in June 2023 for $88 million. (CoStar)
CoStar Analytics
January 18, 2024 | 3:33 P.M.

Nashville hotel sales declined in 2023 as macroeconomic concerns motivated owners to hold onto properties.

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News | Nashville Hotel Prices Decline Amid Higher Interest Rates on Sales and Fewer Luxury Trades