RLJ Lodging Trust’s Boutique Nashville Hotel to Join Hilton’s Tapestry Collection
July 20 2023 - 8:00AM
Business Wire
RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced
that its Nashville property is joining the Tapestry Collection by
Hilton. The 124-room property will undergo a comprehensive
renovation next year and relaunch as a rebranded lifestyle boutique
hotel within the Tapestry Collection by Hilton. This marks the
Company’s third conversion in 2023, joining previously announced
conversions in New Orleans and Houston, and building on its three
successful 2022 completed conversions.
“The affiliation with the Tapestry Collection allows this
outstanding lifestyle boutique hotel to fully unlock its potential
by immediately leveraging Hilton’s extensive Hilton Honors system.
The hotel is ideally located within one of the most dynamic markets
in the country, and this conversion will help it realize its true
potential,” commented Leslie D. Hale, President and Chief Executive
Officer. “The Hotel was already poised to benefit from significant
redevelopment within close proximity to Bankers Alley, which will
directly benefit the Downtown Nashville submarket. This conversion
will further enhance the hotel’s overall strong positioning and
underscores our strategy of continuing to unlock the significant
incremental real estate value embedded in the assets we own.”
In 2017, the historic Gray & Dudley Building in Downtown
Nashville underwent a transformational renovation into a boutique
lifestyle hotel that is now the 21c Museum Hotel. The building
displays late 19th century architecture with showroom windows
facing both 2nd and 3rd Avenues, with a façade that is fitting of
the Second Avenue Historic Preservation District. The 2017
renovation included the addition of rooftop terrace suites, with
up-close views of the Cumberland River and surrounding historic
district.
The hotel benefits from an outstanding location close to
Broadway, the heart of the entertainment district in Nashville, and
is just steps from corporate employers such as UBS, AT&T,
AllianceBernstein and the Tennessee State Capitol. At the hotel,
guests can explore museum quality art, experience the rich history
of the alley, or take advantage of the central location to enjoy
all that Music City has to offer.
The hotel will continue to feature art installations throughout
the property, providing a unique backdrop to the approximately
8,000 square feet of meeting and exhibition space. Additionally,
the newly opened eighth floor terrace will be available for guests
to enjoy the downtown Nashville skyline.
About Us
RLJ Lodging Trust is a self-advised, publicly traded real estate
investment trust that owns primarily premium-branded, high-margin,
focused-service and compact full-service hotels.
Forward Looking
Statements
This information contains certain statements, other than purely
historical information, including estimates, projections,
statements relating to the Company’s business plans, objectives and
expected operating results, and the assumptions upon which those
statements are based, that are “forward looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, Section27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements generally are identified by the
use of the words “believe,” “project,” “expect,” “anticipate,”
“estimate,” “plan,” “may,” “will,” “will continue,” “intend,”
“should,” “may,” or similar expressions. Although the Company
believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, beliefs and
expectations, such forward-looking statements are not predictions
of future events or guarantees of future performance and our actual
results could differ materially from those set forth in the
forward-looking statements. Except as required by law, the Company
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise. The Company cautions investors not to
place undue reliance on these forward looking statements and urges
investors to carefully review the disclosures the Company makes
concerning risks and uncertainties in the sections entitled “Risk
Factors,” “Forward- Looking Statements,” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in the Company’s Annual Report, as well as risks,
uncertainties and other factors discussed in other documents filed
by the Company with the Securities and Exchange Commission.
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Sean M. Mahoney, Executive Vice President and Chief Financial
Officer – (301) 280-7774 For additional information or to
receive press releases via email, please visit our website:
http://www.rljlodgingtrust.com
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