+- Harlforum : Harl Forum, Real Estate Forum, Real Estate Forum India, Buy or Sale or Discuss about Real Estate and Traveller and Hotel Reviews (https://www.harlforum.com/harlforum)
+-- Forum: Hotel & Resorts (https://www.harlforum.com/harlforum/forum-15.html)
+--- Forum: Hotels (https://www.harlforum.com/harlforum/forum-10.html)
+--- Thread: CHATWALS DREAM HOTELS OPENS NEW ONE (/thread-819.html)
CHATWALS DREAM HOTELS OPENS NEW ONE - TEAM HARLFORUM - 06-24-2016
Dream Hotel Group will open Dream Nashville within 206-212 Fourth Ave. N. Demolition has begun on-site. That, and the addition of Dream Hotel, mark notable progress for a project that's been in the works for two-plus years. The roughly $70 million project has overcome a budget gap and the developers have negotiated $6.5 million in public aid, as well as an agreement on how best to preserve the structures, which date to the late 1800s.
In a statement, developer Alex Marks called Dream Hotel "the ideal partner for this project," citing the company's "30-year history of managing properties in some of the world's most highly competitive hotel environments."
I can't speak to a global view, but certainly from a national perspective, hotel investors and developers still view Nashville as one of the hottest hotel markets to be found. Demand far outpaces supply at the moment, spurring a surge of construction and proposals for more hotels — more than 4,000 rooms in SoBro alone.