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Chartwell Hospitality Recent News
Chartwell to add two Nashville hotels, height concerns no longer an issue
Nashville-based real estate company Chartwell Hospitality, LLC has added two more sites to its growing list of locations within the city.
Groundbreaking is expected to take place later this year for new hotels in the Green Hills and SoBro areas. 

The Green Hills location, slated to become a 123-room Courtyard by Marriott, had been a point of contention among area business leaders and residents alike due to fears that the company would not adhere to the Urban Development Overlay (UDO) that was adopted for the area. Originally, the plan called for a four-story hotel on the east side of the street, but the UDO only allows for three-story structures on that side. 

A residential building north of the Freeman Webb Building will be demolished to make way for the new hotel. Another abandoned property was razed earlier this summer. 

Concern about the building’s height have been eliminated, as Chartwell will build a three-story hotel, conforming to the UDO. Planning Spokesman Craig Owensby said the department is currently reviewing the application and is nearing a recommendation. 

Parking options for the building are not clear, as phone calls to Chartwell officials were not returned before press time. 

Neighborhood spokesperson Barbara Chasen said in late February that homeowners were concerned about parking or lack thereof if a hotel is built. 

Shared parking has been discussed among businesses, but business leaders believe monitoring such an arrangement will prove to be too difficult and would make for a nightmare traffic situation. 

“How will there be enough parking spaces for the number of proposed rooms?” Chasen asked. “Parking is already limited on the street.” 

Texas-based Renaissance Development Group, LLC purchased the lots from Green Bank for $2,409,145. Green Bank’s original loan was for $3,829,694. 

Buildings along the west side of Bedford Avenue are two-story; those on the east side are three-story, as provided for in the UDO that was first proposed in 1999 and adopted by Metro on June 17, 2003. 

Another hotel would be constructed in the SoBro community. Work is expected to begin later this year on a 200-room Hilton Garden Inn at 419 3rd Ave. S. 

Chartwell also owns the Hampton Inn and Suites Vanderbilt Elliston Place and Hampton Inn Vanderbilt West End. Those properties were purchased in Dec. 2010 for a combined $36.5 million. 

The company also owns three hotels in the Cool Springs area. 

On its website, the company currently lists 26 properties under its control, across 10 states ranging as far north as New York and as far west as Colorado. 

The company began in 2003 with five hotels and 120 employees. Today, they employ more than 800 workers. 

Chris Brooks can be reached at cbrooks@gcanews.com.