The developer of the 17-acre Nashville Yards project is under contract to buy the historic Union Station Hotel downtown – once the city’s central train terminal – for an as-yet undisclosed amount.
San Diego-based Southwest Value Partners plans to reopen the 125-room hotel under Dimension Development Co. management.
“The Union Station building has shaped the Music City skyline for 120 years,” Cary Mack and Mark Schlossberg, co-managing partners of Southwest Value Partners, said in a joint statement. “With its storied history as a railroad terminal that moved hundreds of thousands of travelers through the city, we believe the hotel is a natural and exciting hospitality addition to the broader Nashville Yards vision and master plan.”
Union Station was built as a hub for the Louisville & Nashville Railroad in 1900 but closed in 1979. It was first renovated into a hotel in 1986.