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Luxury hotels move into Nashville as demand for rooms surges - TL;DR CNBC

Luxury hotels move into Nashville as demand for rooms surges

Publishing timestamp: 2023-11-29 12:10:49


Summary

The article discusses the unprecedented surge in luxury hotels in Nashville, with renowned brands such as Four Seasons Hotel, W Hotel, and Grand Hyatt opening their doors in the city. More than 90 new hotels have been constructed since 2013, contributing over 14,000 rooms to Nashville's accommodation offerings. The hotel expansion has generated over $2 billion in revenue in the past year alone. The article also highlights the challenges faced by Nashville in keeping up with the demand for hotels, such as a shortage of skilled labor and building inspectors. The surge in hotel demand is attributed to the Music City Center, a 2 million square foot convention center.


Sentiment: POSITIVE

Tickers: H

Keywords: wealthreal estatehyatt hotels corphotel operatorsnashvillebusinessbusiness news

Source: https://www.cnbc.com/2023/11/29/luxury-hotels-move-into-nashville-as-demand-for-rooms-surges.html


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