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Acquisitions & Hotel Openings

Songy Highroads to Develop Hyatt House Hotel in Nashville

The new hotel marks the developer's entry into the market

NASHVILLE, TN. May 8, 2017 – Atlanta-based developer Songy Highroads, LLC has announced plans to develop a new Hyatt House hotel in Nashville. Construction will start in June for Hyatt House Nashville West End, which will be located at the intersection of Hayes Street and 21st Avenue a block away from Vanderbilt University, Saint Thomas Medical and Centennial Medical Center. Completion is slated for early 2019.

The 15-story extended stay hotel will contain 201 rooms above structured parking. The main level will include the brand’s signature H Bar, which features an outdoor area with a fire pit and seating areas. The hotel’s fifth floor will include a pool and a large fitness center.

“This is our first deal in Nashville, and we’re pleased to be able to enter a growing market with traditionally high barriers to entry,” said Todd Nocerini, COO of Songy Highroads. “With a premier location and stability of our partners, we are confident this hotel will be a success.”

Songy Highroads is developing the new Hyatt House in a joint venture with an affiliate of Hyatt. The project architect is Wakefield Beasley & Associates.

Songy Highroads has become a trusted partner of the Hyatt brand for developing upscale, urban hotels throughout the Southeast. In the past three years, it has built two Hyatt-flagged properties, a Hyatt Regency and Hyatt Place hotel, adjacent to Houston’s Galleria shopping center, and the developer converted a downtown Washington, D.C., office building into a Hyatt Place hotel. Also nearing completion is a Hyatt Regency hotel conversion in Fairfax, Virginia.

About Hyatt House

Hyatt House, a brand of Hyatt Hotels Corporation, launched in 2012 and offers more than 70 locations throughout the United States, China and Puerto Rico. Inspired by extensive research into guest experiences, Hyatt House hotels offer services, amenities, upscale spaces and a casual, comfortable environment that reminds guests of home. For more information, please visit hyatthouse.com. Join the conversation on Facebook, and tag photos with #HyattHouse and #WhySettle.

About Songy Highroads, LLC

Songy Highroads, LLC is an Atlanta-based commercial real estate firm that focuses on the acquisition, development and redevelopment of institutional-quality real estate projects primarily in the office and hotel sectors. Since 1992, Songy Highroads has completed more than $1.5 billion of acquisitions in Florida, Georgia, Louisiana, Tennessee, Texas, and Washington, D.C. For more information about the company, please visit www.songyhighroads.com.

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.