Downtown apartments sold, making way for boutique hotel

(Nashville Business Journal) –¬†Another boutique hotel is planned for downtown Nashville, following the sale of an historic apartment building.
The Tennessean reports that New Orleans-based HRI Properties bought the James Robertson Apartments for $18.2 million. The seller was Nashville-based Covenant Capital Group, which paid $10.2 million for the 12-story building, located at 118 Seventh Ave. N., just over a year ago.
The James Robertson apartment building originally opened in 1929.

Davidson County Property Assessor

According to The Tennessean, HRI plans to invest about $65 million converting the building into a 190-room boutique hotel. The Tennessean reports that HRI considers itself a national leader in the adaptive reuse of historic buildings.

James Robertson Apartments in Nashville

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