Report: downtown Hyatt Hotel project dead - WSMV Channel 4

Report: downtown Hyatt Hotel project dead

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Rendering of the Hyatt Regency Hotel Rendering of the Hyatt Regency Hotel
NASHVILLE, TN (WSMV) -

Plans for a new Hyatt Regency hotel on lower Broadway between Second and Third Avenues South appear to be dead, according to a report in the Nashville Business Journal.

Designs for the hotel, which had been proposed in July of 2013, called for about 450 rooms, more than 25,000 square feet of meeting space and on-site parking for up to 350 vehicles in the heart of Music City's honky tonk district.

Bob Swerdling, managing director of Swerdling and Associates, which was behind the proposal, estimated the project cost at about $135 million, which would have been partially funded by tax increment financing provided by the Metropolitan Development and Housing Agency.

The Nashville Business Journal reports that Swerdling has not renewed contracts with two downtown property owners, effectively killing the project.

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