Capstone Apartment Partners is pleased to present the
temporarily branded Nashville Hermitage Studios, a hotel redevelopment
opportunity located in Hermitage, Tennessee. Currently operated as a 108-key
Rodeway Inn, the asset presents an exceedingly rare opportunity to reposition
the existing property into a rental apartment community. The lower construction
and redevelopment costs allow developers to provide affordable housing without
incurring the expenses that exist with ground-up construction. Additionally,
this strategy will be a beneficiary of the Metro Government of Nashville who
has demonstrated interest in providing assistance to developers providing the
much needed affordable living options. The incredible accessibility to the
employment nodes of downtown Nashville and Mt. Juliet, in addition to the
strength of the surrounding neighborhood multi-family fundamentals, make the
Nashville Hermitage Studios an appealing investment opportunity.
Rare Hotel-to-Apartment Redevelopment Opportunity
Nashville’s Desire for Affordable Housing
Unbeatable Accessibility