NASHVILLE / MURFREESBORO, TENNESSEE
Hodges Ward Elliott is pleased to present for your consideration the opportunity to acquire the fee-simple interest in the 101-room Hampton Inn & Suites Nashville Murfreesboro (“Property” of “Hotel”) optimally positioned within one of the fastest growing submarkets in the Nashville MSA.
Property Snapshot
| Address | 325 N Thompson Lane, Murfreesboro, TN 37129 |
| Year Built / Renovated | 2007 / 2024 |
| Renovation Details | Full renovation in 2023-2024 ($3.4M / $34,000 Per Key) |
| Keys | 101 |
| Stories | 4 |
| Site Area | +/- 2.50 acres |
| Construction Type | Steel concrete masonry with brick veneer |
| Amenities | • Outdoor Pool • Fitness Center • Business Center • Complimentary Breakfast |
| Ownership Interest | Fee Simple |
| Management | Unencumbered |
| Labor | Non-Union |
INVESTMENT HIGHLIGHTS
FULLY RENOVATED PROPERTY WITH STRONG IN-PLACE CASH FLOW AND NOTABLE UPSIDE
A product of institutional ownership and maintenance, the Hotel is in excellent physical condition, having benefited from an approximately $3.4M renovation that satisfied (or exceeded) Hilton’s brand standard in May of 2024. A new owner will have the opportunity to realize the performance lift from elevated guest room product, public space and amenity offerings. Additionally, efficient operation and effective asset management will allow the next owner to build on prevailing strong performance and drive supplementary returns as this lodging market continues to gain momentum.
HOTTEST MARKET IN THE COUNTRY
Nashville is one of the premier seven-day-a-week lodging markets in the U.S., benefiting from a multitude of diverse demand generators that range from historically resilient (e.g. music production, healthcare, education, government, etc.) to high-growth segments such as corporate/tech expansion and conventions/conferences.
Not only has Nashville continued to explode as a world-renowned leisure destination, capitalizing on both rapidly expanding airlift and immense drive-to demand resulting from the city’s highly centralized location within the U.S., but the city has also become a magnet for corporate relocations and global commerce.
MAJOR CORPORATE & REGIONAL HEADQUARTERS IN MURFREESBORO
DISCOUNT TO REPLACEMENT COST
Attributable to escalating land costs (especially in the Nashville MSA) combined with rising construction costs, to develop a similar standalone, upper-midscale asset would likely exceed $250,000 per key and take over two years from land acquisition to C/O. At the anticipated transaction price, a new owner’s all-in basis will be well inside of replacement cost, driving significant cash-on-cash returns and yielding attractive net proceeds upon exit.
PRIME LOCATION
The Hotel is located in a prime location in the hottest MSA in the country, benefiting from a wide variety of corporate and leisure demand.
Murfreesboro’s “The Gateway”: Ideally positioned in the heart of the new Gateway of Murfreesboro (400-acre, master-planned development comprising retail, office and medical), the Hampton Inn & Suites Murfreesboro benefits from exceptional accessibility and visibility.
Murfreesboro is well-known as the home of Middle Tennessee State University (MTSU). Tennessee’s largest public university, MTSU enrolls approximately 20,000 students and offers some 300 majors and concentrations. MTSU is located on the east side of Murfreesboro, just five miles from the Hampton Inn & Suites.
ONE OF THE FASTEST GROWING CITIES IN THE COUNTRY: According to a 2024 study conducted by SmartAsset and the most recent U.S. population data, Murfreesboro ranks 16th in the fastest growing cities in the country with a population increase of over 19 percent from 2017 to 2022 and 8% from 2020-2023. Murfreesboro offers numerous and diverse demand generators, including Middle Tennessee State University, Saint Thomas Rutherford Hospital, The Avenue Shopping Center (1,000,000+ SF), a Civil War Battlefield, a Nissan Automotive assembly plant and several supporting automotive suppliers that have relocated to the area.
