Caption by Hyatt Downtown Nashville – The Gulch is now open in the Gulch neighborhood of downtown Nashville, Tennessee. The hotel, developed in partnership with HRI Hospitality and C.B. Ragland Co., is the brand's second U.S. location. It is co-owned by Peachtree Group.
The hotel will be managed by HRI Lodging LLC, the companies said in a joint statement.
“HRI is thrilled to open the second Caption by Hyatt hotel in the U.S. and play a pivotal role in the growth of this select-service upscale brand,” said Michael Coolidge, HRI Hospitality’s chief investment and development officer. “The Caption by Hyatt brand brings a fresh design perspective and unique food and beverage offerings to the heart of Nashville’s Gulch district. We look forward to collaborating with Hyatt to continue growing this exciting brand together.”
The hotel has 210 rooms, 2,200 square feet of indoor and outdoor meeting space, a fitness center and common areas for working, socializing and small events, the statement said. It is located between downtown Nashville and the West End, near Broadway Street, with access to retail shops, restaurants and bars.
Peachtree Group is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO; and Mitul Patel, principal. It recently surpassed $1 billion in commercial property assessed clean energy financing in 2024, completing 22 transactions nationwide and breaking its previous origination record.
Peachtree recently acquired its sixth Delaware Statutory Trust hotel, the 90-key Home2 Suites by Hilton St. Augustine in Jacksonville, Florida, its third DST offering to close this year.
