Apple Hospitality Reit Acquires The Motto by Hilton Nashville Downtown
Apple Hospitality REIT, Inc. (NYSE: APLE) (the "Company" or "Apple Hospitality") announced the opening and acquisition of the 260-room Motto by Hilton Nashville Downtown (the "Hotel") for approximately $98.2 million, or $378,000 per key.
"We are pleased to expand our portfolio with the acquisition of the newly constructed, innovative Motto by Hilton Nashville Downtown and increase our exposure to the dynamic and vibrant Nashville market," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "Through our longstanding relationship with one of the industry's leading and most trusted developers, we secured a fixed-price, take-out contract ahead of development, enabling us to acquire this Hotel at an attractive per-key price within market. The overarching demand trends in Nashville continue to be strong, with resilient leisure demand supported by a wealth of entertainment and sporting venues and strengthening business demand bolstered by the continued movement of both large and small corporates into Nashville's business-friendly environment. This acquisition represents a new, complementary brand for our existing rooms-focused portfolio, and we are confident its appeal will further enhance its ideal location just a few blocks off Broadway and our ability to drive strong operating performance over the long term."
The newly built Motto Nashville Downtown is located at 311 3rd Avenue S, Nashville, Tennessee, within walking distance of the Country Music Hall of Fame and Museum, Bridgestone Arena, Ryman Auditorium, and the Music City Center, as well as world-renowned music and entertainment venues, popular attractions along Broadway, and Riverfront Park. The Hotel serves as a launchpad to the city and is designed to flex to what works best for guests, including Motto's signature Confirmed Connecting Room capabilities with the option to link up to six rooms at once.
Nashville's vibrant economy and strong tourism appeal offer a diverse variety of demand generators, including leisure, music and entertainment, sporting events, conventions, health care, manufacturing, technology and academic. According to data provided by STR for the trailing twelve months ended October 31, 2025, revenue per available room ("RevPAR") for the Nashville CBD/Downtown submarket was approximately $211, approximately 110% above industry RevPAR as reported by STR and approximately 79% above the Company's RevPAR for the same period.
Following the acquisition of the Motto Nashville Downtown, the Apple Hospitality hotel portfolio includes 217 hotels with 29,580 guest rooms geographically diversified throughout 37 states and the District of Columbia.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
