Choice Hotels Announces Sale of Cambria Hotel Nashville Downtown
ROCKVILLE, Maryland—Choice Hotels International, Inc. announced the sale of the Cambria Hotel Nashville Downtown for $109.5 million. In addition, the company entered long-term franchise agreement with the buyer, and Pyramid Global Hospitality will now manage the hotel. This latest agreement reflects the increased value for Cambria Hotels’ accommodations. “The sale of the Cambria Hotel Downtown Nashville and execution of a long-term franchise agreement aligns with our long-term asset-light strategy and continues our history of recycling […]
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