HRI Hospitality Commemorates Topping Out of New Caption by Hyatt Nashville
NASHVILLE, TN. (February 8, 2024): HRI Hospitality (“HRIH”), with its local partner C.B. Ragland Company, announces the construction “topping out” of its latest hotel project, Caption by Hyatt Nashville. Located in the bustling Gulch neighborhood and just steps away from popular Nashville destinations including Lower Broadway, SoBro and the entertainment district, the 210-room dynamic hotel is scheduled to open in early 2025.
“This topping out is a major milestone for Caption by Hyatt Nashville, showcasing our dedication to delivering exceptional, high quality lifestyle hospitality in Nashville’s Gulch District,” says Michael Coolidge, Chief Investment and Development Officer of HRI Hospitality. “With strong partners like C.B. Ragland Company and Peachtree Hotel Group, we look forward to unveiling this 12-story hotel, blending vibrant and intentional design meant to be truly of the community – not just in it – and setting a new standard for lifestyle hotels in the heart of Music City.”
Caption by Hyatt Nashville is co-developed by HRI Hospitality and C.B. Ragland, and upon completion, the hotel will be operated by HRI Lodging. Hastings Architecture, LLC serves as the architectural design firm, with Studio 11 Design leading the hotel’s interior design and J.E. Dunn Construction Company serving as the project’s general contractor. The hotel’s ownership group consists of HRIH, CB Ragland, Peachtree Hotel Group and two local family offices.
The forthcoming hotel will feature Nashville-inspired décor and colorful murals throughout, in addition to 2,200 square feet of indoor and outdoor meeting space, a mobile-first check-in experience, fitness center, and welcoming culinary common space at the heart of the hotel and signature to the Caption by Hyatt brand, Talk Shop. This multi-functional food and beverage experience invites guests to connect with each other and the destination, serves as a lively welcome area, all-day lounge and workspace, coffee shop, grab-and-go artisanal market and bar featuring American cuisine influenced by Nashville culture.
The project also includes a 7,000 square foot restaurant space for lease and a 150-stall parking garage that will service the hotel and neighboring office buildings. Guests at the elevated property will have direct access to the city’s best retail shops, restaurants, bars and live entertainment.
“This is an exciting moment for Hyatt, HRI Hospitality and C.B. Ragland, with whom we have a long-standing, strong relationship,” said Jim Tierney, senior vice president, development and owner relations, Hyatt. “We’re grateful to collaborate with both to continue growing their Hyatt portfolio with Caption by Hyatt Nashville, which will be grounded in a commitment to caring for people and places. We look forward to bringing the Caption by Hyatt brand to Nashville and helping transform how people travel, connect and interact with one another and the places around them.”
Caption by Hyatt hotels combine the design and comfort of a lifestyle-forward hotel with the flexibility and self-guided options of a select-service property. Caption by Hyatt Nashville will be the second opening for the brand, joining Caption by Hyatt Beale Street Memphis, which opened in 2022, and the third property developed by HRIH in Nashville, joining the Holston House hotel, part of The Unbound Collection by Hyatt brand, which opened in late 2017. The brand will also open two locations this year in Asia, including Caption by Hyatt Namba Osaka and Caption by Hyatt Shanghai.
For more information on HRI Hospitality, visit https://hrihospitality.com/, and on Caption by Hyatt brand, visit captionbyhyatt.com.
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About Caption by Hyatt
The Caption by Hyatt brand redefines what hospitality looks like in the modern world. Designed to be truly of the community—not just in it—the people make the place throughout each Caption by Hyatt hotel. Caption by Hyatt hotels hire local, buy local, and vibe local. Be it an open-mic night or a pop-up art installation, each space within Caption by Hyatt hotels is programmed to reflect each destination and its community. At the heart of each Caption by Hyatt hotel is Talk Shop: an all-day spot where guests can eat, drink, get some work done, hang with friends, or just chill. Caption by Hyatt hotels offer guests a place to “be you, see you, and do you,” with a tech-forward mindset offering self check-in, digital keys, mobile-order food service, Staycast streaming technology and more.
About HRI Hospitality
HRI Hospitality has built a robust lodging and mixed-use platform over its 40-year history and currently owns and/or manages a diverse portfolio throughout the nation’s premier lodging markets while maintaining an active development pipeline. Currently “Elevating the Urban Experience” for guests and managing a portfolio of branded and independent institutional quality hotels in key markets across the United States, HRI Hospitality is an approved operator for all major full- and focused-service brands. Leveraging its seasoned leadership team, deep sector expertise and vast network of industry relationships, HRIH’s hotel management platform practices a balanced approach to operations, encompassing People, Profit, and Revenues. The combination of our philosophy and practices enable us to continue to grow and enhance our position as an innovative leader in the hospitality industry. For more information, please visit https://hrihospitality.com/.
About Peachtree Group
Peachtree is a private equity investment, asset and fund management firm focusing on opportunistically deploying capital across its distinct operating and real estate divisions, including hospitality, commercial real estate lending, residential development, capital markets and media. Since its founding in 2008, the company has completed hundreds of real estate investments valued at more than $8.2 billion in total market capitalization and currently has more than $2.3 billion in equity under management. For more information, visit www.peachtreegroup.com.
About C. B. Ragland
C. B. Ragland Company (“CBR”) is a family owned and operated business which was established in 1919. The Company was founded by Charles Burton Ragland as a wholesale grocery distribution company in downtown Nashville. In 1948, the Company formed Colonial Realty, a wholly owned subsidiary that owned, developed and managed the Company’s real estate holdings. By 2001, the Company had grown to become one of the largest wholesale grocery distributers in the country and one of the top 10 privately held companies in Middle Tennessee. In 2002, the Company sold its wholesale grocery business to concentrate on real estate. Today, the Company focuses on both management and development of Company owned properties as well as third party fee management, brokerage and development. For more information, please visit www.cbragland.com.
