Doubletree Hotel On Chestnut Street Sells For $27.5 Million

  • Monday, August 30, 2021

The Doubletree Hotel at 407 Chestnut St. has sold for $27.5 million.

The sale was from Vision Chestnut Hotel Group.

The entity making the purchase was in the name of Kre Hip Tree Chattanooga Owner LLC, a newly formed LLC.

It was purchased by Kohlberg Kravis Roberts LLC of New York City, a private equity company. 

The high rise hotel features 186 rooms.

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