My Place Hotel - Nashville East / Lebanon, TN

PROPERTY ATTRIBUTES

Status

Closed

City

Lebanon

State

TN

Zip

37087

Type

Limited-Service

Keys

63

Corridor (Interior/Exterior)

Interior

Stories

3

Year built

2017

PROPERTY DESCRIPTION

PHC Hotel Advisors represented the seller on the disposition of the My Place Hotel Nashville East in Lebanon, Tennessee - a newer-construction extended-stay asset acquired below replacement cost at the high-visibility I-40 / Hwy 231 interchange, roughly 30 miles east of downtown Nashville. My Place is one of the fastest-growing extended-stay brands in the country and captures both long-stay and transient guests, aligning well with Lebanon's expanding base of corporate headquarters, regional sporting events, and leisure demand spilling out of the greater Nashville MSA. The acquisition offered the buyer a modern, low-basis platform in a growing Nashville-adjacent submarket with meaningful operational upside available to a hands-on local operator.