Hotel developers RevPAR Companies and Emerge Hospitality Group, are planning a Residence Inn by Marriott for a site, with the address of 206 N. First St. in the East Bank neighborhood in Nashville Tennessee. Via PBS EB Nashville LLC, the two affiliated entities recently paid $4.2 million for the 0.82-acre property. The hotel will rise 11 stories and offer both a ground-level food and beverage component and a rooftop bar. Pete Patel, is RevPAR president and CEO.    

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