As 2025 came to a close, we reflected on several themes that resurfaced across the luxury hospitality space. These themes shaped discussions from conference rooms to deal tables throughout the year. HGA participated in these dialogues, including at the INSPIRE Luxury Hospitality Conference. HGA Founder and CEO Dave Tessier joined the panel “The Rise of Hotel Conversions, Independent Identity & Third-Party Management” where these trends were discussed.

Across the development and investment landscape, hotel leaders are rethinking what it means to create experiences that feel genuinely rooted in place. This was not about marketing language or décor choices. It's about the foundations of how we develop, program, and align with communities.

Anna Gomez, partner at Hospitality Gaming Advisors alongside Dave Tessier, recently achieved a milestone in Nashville hospitality history with the W Nashville hotel, which sold in March for a record-breaking $950,000 per key—the largest per-room sales record for any hotel in the city.

Twelfth Avenue Realty Holdings has completed the sale of W Nashville to Xenia Hotels & Resorts for $328.7 million, representing $950,000 per key—a premium price point that underscores the property's status as a trophy asset in Nashville's booming hospitality market.

Located in The Gulch, a newly revitalized, LEED-certified, upscale live-work-play neighborhood in Nashville that has become a go-to destination for music lovers, shoppers and business travelers alike, W Nashville will take on the spirit of the city through creative and innovative design.

W Hotels Worldwide, part of Marriott International, has opened the W Nashville in the Music City’s Gulch neighborhood. The 14-story mirrored tower was designed from the outside in, with six street-level entrances.

The most expensive Nashville hotel sale ever was recorded this week, when a real-estate investment firm in Orlando closed on the six-month-old W Hotel in the Gulch.

Post-pandemic travel continues to thrive, proving to be fairly resilient to inflation. Development is still robust but is complex, with projects difficult to finance and rising interest rates.