- Choice Hotels International ( NYSE: CHH ) has announced the sale of the Cambria Hotel Nashville Downtown for $109.5M .
- In addition, the company entered a new long-term franchise agreement with the buyer, and the hotel will now be managed by Pyramid Global Hospitality.
- This latest agreement reflects the increased value for Cambria Hotels' modern, upscale accommodations in travelers' favorite urban destinations.
- "We are pleased that this hotel will continue to be a flagship property for the Cambria brand for years to come." said Scott Oaksmith, senior vice president, real estate and finance, Choice Hotels.
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Choice Hotels sells Cambria property for $109.5M