Starwood-Led Group Said to Sell 1 Hotel Nashville to Host Hotels

Host Hotels & Resorts Inc. is acquiring the 1 Hotel Nashville and the adjacent Embassy Suites from a group of owners that includes a Starwood Capital Group affiliate, according to people familiar with the matter.

The transaction is valued at more than $500 million, said one of the people, who asked not to be identified because the details are private.

The ownership group, also including Crescent Real Estate and High Street Real Estate Partners, teamed upin 2019 to develop the hotels, in the center of downtown Nashville across from Music City Center. The 1 Hotel, which has 215 rooms, ...