Witness Investments pays $19.5M ($160k/room) for 122-room TownePlace Suites Franklin Cool Springs

1/8/2026

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Nashville Business Journal

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• Subcategory: Hospitality: Hotel

• Tag: Sale

• Additional Filters-Subcategory: Hospitality: Upper Midscale

• Additional Filters-Tags: Hospitality: Franchise, Sale: Investment, Sale: Single Property

• Company: Marriott (NASDAQ: MAR)

Highlights
Witness Investment paid $19.5 million for TownePlace Suites Franklin hotel.
The 122-room hotel sold for approximately $159,836 per room.
Cool Springs continues to to attract out-of-town investors.

Witness Investment

Dhru Jain | VP, Investments

[email protected]

317-863-9227

Tennessee

Hospitality

Witness Investments pays $19.5M ($160k/room) for 122-room TownePlace Suites Franklin Cool Springs

Witness Investment

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