Propst Development, Chartwell Hospitality LLC and Hilton Announce Signing of Conrad Nashville
237-room luxury hotel to anchor new, upscale Broadwest community
NASHVILLE, Tenn. and MCLEAN, Va. - Propst Development, Chartwell Hospitality LLC and Hilton (NYSE: HLT) today announced the signing of Conrad Nashville, slated to open in 2021. The 237-room Conrad Hotels & Resorts hotel will anchor one of the two towers at Broadwest, Nashville’s new $540-million, urban mixed-use community, which will also include Class AA office space, upscale retail offerings and high-end condominiums.
Conrad Nashville will be co-owned by Propst Development, a real estate and development company based in Huntsville, Alabama with projects across the Southeast, and Chartwell Hospitality LLC, an integrated hotel operations and development company based in Franklin, Tennessee. Chartwell Hospitality will operate the hotel, which will offer guests one-of-a-kind experiences with sophisticated, locally inspired surroundings.
“As the third-ever franchised luxury property by Hilton, Conrad Nashville will set a new standard for luxury in our region, and we look forward to welcoming travelers from around the globe to experience Nashville’s world-class hospitality,” said Rob Schaedle, founder and managing partner of Chartwell Hospitality. “Hilton’s decision to bring a Conrad property in our backyard signifies that Broadwest will be a destination of its own, and we are honored to uphold the brand’s standards while adding our signature flair for visitors and locals.”
“Nashville offers a dynamic and burgeoning destination for Conrad, and we are thrilled to grow the brand within the Americas in partnership with Chartwell Hospitality,” said Martin Rinck, executive vice president and global head, Luxury & Lifestyle Group, Hilton. “As we continue to develop Conrad as a global luxury brand, we look forward to bringing contemporary design, leading innovation and curated art to our globally connected travelers in Nashville.”
The 14-floor Conrad Nashville will anchor a 34-story tower to include 196 high-end condominiums. A 21-story office tower with 510,000 square feet of Class AA space will rise next to the hotel and condo tower at Broadwest. The two towers will be connected by an additional 125,000 square feet of retail and creative office space and will be anchored by a 1.5-acre plaza at the heart of this new community.
Cooper Carry is the design firm and Hoar Construction is the general contractor for the hotel. Developers have hired New York-based interior designer Champalimaud Design, which has crafted the aesthetic of high-end hotels around the world.
Propst Development LLC is bringing Broadwest to life on a full city block at 1600 West End Avenue, within an easy walk to restaurants, entertainment, music and sports venues.
Leaders from Propst Development and Chartwell Hospitality said Hilton’s decision to develop a Conrad in Nashville was based on the city’s ability to draw sophisticated travelers, the highly desirable location of Broadwest and the development team’s ability to secure funding.
“Conrad will be a great anchor destination for our world-class Broadwest community,” said Chris Brown, principal of Propst Development. “Nashville has been longing for a high-touch, signature hotel property and the Conrad will meet that demand.”
Chartwell Hospitality has significant experience building high-quality hotels across the country and has 26 Hilton products in its portfolio, including eight in the Nashville area.
Conrad Nashville is projected to open in 2021 and will join the brand’s growing portfolio, which currently includes eight properties open in the Americas and nearly 30 others across the globe.
Broadwest is Nashville’s new $540-million, urban mixed-use community combining Class AA office space, retail space, high-end condominiums, and a luxury hotel developed by Propst Development, LLC. When completed in 2021, Broadwest will include a 21-story office tower with 510,000 square feet of Class AA space. A second 34-story tower will include 196 high-end condominiums anchored by a 237-room luxury Conrad Hotel by Hilton. The two towers will be connected by an additional 125,000 square feet of retail and creative office space, and anchored by a 1.5-acre plaza at the heart of this new community. Broadwest encompasses a full city block at 1600 West End Avenue, within an easy walk to restaurants, entertainment, music and sports venues.
About Propst Development LLC
Propst Development LLC is a privately held real estate firm based in Huntsville, Ala., and specializes in the investment, acquisition, development and management of retail, commercial and residential properties across the Southeast. Propst Development and Propst Properties are part of the Propst Family business, which founded its real estate ventures in 2008.
About Chartwell Hospitality
Chartwell Hospitality LLC is an award-winning, fully integrated hotel operations and development company specializing in the acquisition, development and management of high-quality, branded, limited-service and full-service hotels. With substantial transaction and real estate expertise, Chartwell has a proven track record for maximizing cash flow and increasing ROI in high growth markets with multiple generators. Chartwell approaches real estate investment from an owner’s perspective, investing capital alongside select private and institutional investors. To date, Chartwell has executed 61 hotel investments, delivering occupancy and market rates that consistently surpass its competition.
About Conrad Hotels & Resorts
Spanning five continents with nearly 40 properties, Conrad Hotels & Resorts has created a seamless connection between contemporary design, leading innovation and curated art to inspire the entrepreneurial spirit of the globally connected traveler. Conrad is a place where guests can experience service and style on their own terms – all while connecting with local and global culture. Connect with Conrad by booking at www.conradhotels.com or through the Hilton Honors mobile app. Learn more about the brand by visiting newsroom.hilton.com/conradhotels, and follow us on Facebook, Instagram, and Twitter.
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,100 properties with more than 971,000 rooms, in 119 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton welcomed more than 3 billion guests in its 100-year history, earned a top spot on the 2019 World’s Best Workplaces list, and was named the 2019 Global Industry Leader on the Dow Jones Sustainability Indices. Through the award-winning guest loyalty program Hilton Honors, more than 103 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.Download Article Photos