Hotel development in Tennessee is on the rise again. Read on for more on Tennessee hotel developers and the planned hotel construction projects in Tennessee that exemplify their work.

This list is based on hotel developers that have planned hotel construction projects in Tennessee for 2024, per a query of BuildCentral’s HotelMarketData from 11/10/23 to 1/11/24.

Prior to the COVID-19 pandemic, Tennessee – and, more specifically, its capital city, Nashville – had become a hub for hotel construction, what with Music City’s substantive population growth and status as a major tourist attraction.

2020 Census data reveals not only that Tennessee’s population has grown 7.6 percent in the last decade, with that population growth concentrated in the seven counties that comprise Greater Nashville. Similarly, Nashville’s population has grown by 12.84 percent since 2010, with a 0.57 percent yearly average. 

As for tourism, Nashville boomed pre-pandemic. In 2020, though, the coronavirus wreaked havoc, even if the hotel industry is showing signs of recovery with increased visitors and in nightly, per-room revenue.

As Tennessee’s population and economic growth return to pre-pandemic form, hotel developers will likely follow suit. As seen in the below list, developers are focusing their efforts in and around Nashville, albeit with some significant projects set to take shape outside of Middle Tennessee. 

SouthStar:

SouthStar leads our list with 1,300 rooms in planning for 2024. SouthStar is the developer for the Spring Hill Crossings project listed below. As of 11/21/23, this hotel is being planned as part of the Spring Hill Crossings Hotel Development, outlined in project # 3352926. It is expected to begin and finish construction sometime between March 2024 and July 2027.

 

Construction Type:	New	Chain:	Unknown
Estimated Value:	$19 million	Franchise:	Unknown
Rooms:	150	Scale:	N/A

Location:	Spring Hill, TN 37174. along Crossings Blvd adjacent to The Crossings shopping district
Details:	Plans call for the construction of a 150-room Hotel.

Stage:	Starts in 4-12 months
Construction End:	Q3 2026
Bid Due Date:	N/A

 

Big River Partners, LLC: 

Next in the spotlight is Big River Partners, LLC with 1,200 rooms in development. The city has extended the deadline to start vertical construction on at least one part of the phase to June 2024. 

Construction Type:	New	Chain:	Unknown – Not Yet Determined
Estimated Value:	$45 million	Franchise:	Unknown
Rooms:	350	Scale:	Not Yet Determined

Location:	Memphis, TN 38103. Union and Danny Thomas Boulevard
Ancillary Facilities:	N/A
Details:	Plans call for the construction of a new 350-room hotel as a part of the first phase of the Union Row mixed-use development.

Stage:	Planning (Active)
Construction End:	N/A
Bid Due Date:	N/A

 

Chartwell Hospitality: 

Chartwell Hospitality is next on our list with 820 rooms in development. The City of Franklin BOMA & FMPC Joint Conceptual Workshop reviewed the development plan for this project on 12/14/23.

Construction Type:	New	Chain:	Unknown – Not Yet Determined
Estimated Value:	$31 million	Franchise:	Unknown
Rooms:	244	Scale:	Not Yet Determined

Location:	Franklin, TN 37067. near 501 Corporate Centre Drive (View Map)
Details:	Plans call for the construction of a 244-room hotel as part of a development plan on approximately 21.29 acres.

Stage:	Planning (Active)
Construction End:	N/A
Bid Due Date:	N/A

 

White Lodging Services Corp: 

White Lodging Services Corp has an impressive 789 rooms in development. As of 12/19/23, final site plan approval for this Marriott project is currently being sought at the city of Nashville.

Construction Type:	New	Chain:	Autograph Collection
Estimated Value:	$28 million	Franchise:	Marriott International Inc.
Rooms:	789	Scale:	Upscale

Location:	Nashville, TN 37203. 127 Eighth Ave S
Ancillary Facilities:	Food Service, Retail
Details:	Plans call for construction of a 35-story, 789-room luxury hotel tower on 0.6 acres with a 190-space underground parking garage. Amenities will include an eighth-floor amenity deck, a rooftop bar, meeting room, and a 12,300-square-foot, ground-floor restaurant.

Stage:	Starts in 1-3 months
Construction End:	Q1 2029
Bid Due Date:	N/A

 

Sagestone Partners: 

Sagestone Partners completes our list with 650 rooms in development as of 1/11/2024. On 7/10/23, a representative from Big River Partners, LLC stated that a construction schedule is uncertain at this time. They have secured funding and are waiting on the most practical time to start the project. The city has extended the deadline to start vertical construction on at least one part of the phase to June 2024.

Construction Type:	New	Chain:	Unknown
Estimated Value:	$39 million	Franchise:	Unknown
Rooms:	300+	Scale:	N/A

Location:

Memphis, TN 38103. Beale St, S Danny Thomas Blvd, and Union Ave

Details:

Plans call for the construction of a sprawling mixed use development in downtown Memphis that will cover several blocks and will be built in phases. Phase 1 will include 702 apartment units with a parking garage, 142,279 square feet of office space, 349 hotel rooms, 57,574 square feet of retail space, and 3.7 acres of green space. Additional commercial and residential space is planned for later phases.

Stage:	Planning
Construction Start:	N/A
Construction End:	N/A
Bid Due Date:	N/A

 

In Tennessee, COVID-19 shook things up for the hotel industry, but hotel developers have stayed busy in an area where construction has boomed for years.  

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