Five of the seven hotels in the Nashville, Tennessee, area that were affected by the recent flooding, have reopened according to STR.

The seven properties that were closed by the flooding this week include 3,920 guestrooms, which represent 11 percent of the 35,629 rooms in the metropolitan Nashville market.

Gaylord Opryland Resort & Convention Center, which experienced severe damage and remains closed, accounts for 2,881 rooms and 8 percent of the market’s total room inventory.

The resort is a major economic driver for the Nashville market, and its closing will have a dramatic effect on the area’s hotel industry. The Gaylord Opryland accounts for more than one third of the guestrooms in the area’s Luxury and Upper Upscale chain-scale segments room supply.

The Springhill Suites Nashville Metro Center also remains closed and is expected to reopen next week.

Four other hotels that reported flood damage have remained open this week.

“The massive flooding in Nashville will dramatically affect the city's hotel industry for an extended period of time,” said Mark Lomanno, president of STR. “Having a property the size of the Gaylord Opryland out of commission for a number of months will artificially skew Nashville's hotel performance numbers. It's a tough hurdle for everyone in Nashville to clear, but we're confident that the hoteliers in STR's hometown will emerge from this stronger than ever when the rebuilding is done.”

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Rachael Spann Urie
Communications Coordinator
+1 (615) 824-8664 ext. 3305
STR