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WP Carey Inc Acquires Hutton Hotel

Thursday, 30 May 2013 08:00am EDT 

WP Carey Inc announced that it has acquired Hutton Hotel, a premier four-star, luxury lifestyle boutique hotel in downtown Nashville. The 247-room hotel opened in 2009. CWI's total investment in the property is approximately $77.3 million, including a $73.6 million purchase price and $3.7 million of planned capital improvements and other acquisition-related costs. The hotel will continue to be managed by Amerimar Enterprises, Inc. 

Company Quote

-0.84 -1.24%
22 Sep 2014