Nashville Bits and Pieces

[MLBrumby]

A new Fortune 500 company has been formed by the merger of AmSurg and Envision with $8.5 billion in revenues that will be co-headquartered in Nashville (but the CEO of Amsurg will be the CEO of the new company).  Of course, it will be at least a year before Fortune recognizes the new company, Envision Healthcare Holding as such.  

From the NBJ: http://www.bizjournals.com/nashville/news/2016/06/15/amsurg-envision-healthcare-announce-merger.html

From the Tennessean:  http://www.tennessean.com/story/money/industries/health-care/2016/06/15/amsurg-merges-envision-healthcare-holdings/85944756/

Edited June 15, 2016 by MLBrumby

[titanhog]

1 minute ago, MLBrumby said:

A new Fortune 500 company has been formed by the merger of AmSurg and Envision with $8.5 billion in revenues that will be co-headquartered in Nashville.  Of course, it will be at least a year before Fortune recognizes the new company, Envision Healthcare Holding as such.  

From the NBJ: http://www.bizjournals.com/nashville/news/2016/06/15/amsurg-envision-healthcare-announce-merger.html

From the Tennessean:  http://www.tennessean.com/story/money/industries/health-care/2016/06/15/amsurg-merges-envision-healthcare-holdings/85944756/

So what kind of advantages does the Envision part of this merger (Colorado) have since they'll own 53% of the company?  Is there a chance they could one day decide they want to move the entire company to Colorado since they own 53%?  Or...does the 7/7 board keep that from happening?

[MLBrumby]

There is a chance.  Usually the HQ is understood to be where the CEO resides and calls his home office. Dual HQs rarely work as intended and usually at some point result in a consolidation into one HQ.  Nashville may lose in the end. But at least for now, the CEO calls Nashville home. 

[MLBrumby]

Another Ryman spot to go downtown.... on Second Avenue.  From the Tennessean: http://www.tennessean.com/story/entertainment/2016/06/15/ryman-hospitality-plans-entertainment-venue-8m-sobro-building/85950600/

[MLBrumby]

And IKEA is scouting the area for a location for a new store.  From the Tennessean... http://www.tennessean.com/story/money/real-estate/2016/06/15/ikea-scours-areas-around-nashvilles-interstates-site/85935140/

[volsfanwill]

18 hours ago, CenterHill said:

Yes, he was here a few months ago filming.    I think the episode will involve a fair amount of Sean Brock, Tandy Wilson, etc, and, of course, hot chicken joints like Prince's.    Also an AB fan and can't wait!   

Funny, I never thought of him as AB,  among my friends, AB is Alton Brown,   and we just refer to Anthony as simply Bourdain.

[BnaBreaker]

2 hours ago, MLBrumby said:

And IKEA is scouting the area for a location for a new store.  From the Tennessean... http://www.tennessean.com/story/money/real-estate/2016/06/15/ikea-scours-areas-around-nashvilles-interstates-site/85935140/

Maybe they'll do us all a solid and plop it down on top of that bizzare plastic statue of Teenage Mutant Ninja Bedford Forrest.

[MLBrumby]

A little more on the Amsurg-Envision merger.  From NBJ:  http://www.bizjournals.com/nashville/news/2016/06/16/three-things-to-know-about-amsurgs-big-deal.html

I just checked the F500 companies on the 2016 list. Currently there are 6 based in the Nashville MSA.  Of course, Bridgestone and Nissan American HQs would qualify in their own right if they were American based public companies.  And there are at least two private companies (Ingram and Asurion, I think) that have F500 size revenues.  

Anyway, I cut/pasted below (Included Brookdale because it's on the threshold).  Sorry for the crummy job but it is far more readable than it was when I first posted it. 

58FedEx$47,453

 

 

• 63HCA Holdings$43,591
•  
• 1255Community Health Systems$22,678
•  
• 127International Paper$22,365
•  
• 139Dollar General$20,369
•  
• 265Unum Group$10,731
•  
• 280AutoZone$10,187
•  
• 296Eastman Chemical$9,648
•  
• 415Tractor Supply$6,227
•  
• 430LifePoint Health$6,014
•  
• 445Delek US Holdings$5,762
•  
• 515Brookdale Senior Living$4,961

 

Edited June 16, 2016 by MLBrumby

[FromParkAveToTN]

IKEA scouts area interstates for Nashville location

http://wkrn.com/2016/06/16/ikea-scouts-area-interstates-for-nashville-location/

[UTgrad09]

A fun bit of satire:

https://nashvillerhinestone.com/2016/06/17/nashville-zoo-opens-new-exhibit-featuring-rare-native-nashvillians/

[markhollin]

Andretti family entertainment complex eyes Nashville.  Need 8 acres for approximately 100,000 sq. ft. of indoor kart racing, bowling, dining, etc. My guess is somewhere on the east bank.

http://www.tennessean.com/story/money/real-estate/2016/06/17/andretti-family-entertainment-complex-eyes-nashville/86018168/

[smeagolsfree]

I had a conversation with William yesterday about this type of entertainment facility. My thoughts were we would see a number of projects like this as tourism continues to increase here.

I also think a large indoor water park is probably the radar somewhere in the area. No, I don't know anything but speculation on my part.

On a related note, the Polercoaster project is still in the planning stages as well. I have seen several articles including one from the LA Times about Nashville being on a list of potential cities. Put it out by Opryland Hotel, please!

[Titans101]

If I am not mistaking. Music City Indoor Karts has a warehouse somewhere along the location of the scrap metal yard by Nissan Stadium. I could be wrong but when I was in town. I believe Delanie Walker for the Titans hosted a celebrity function there recently. So Andretti Karts would make two for the area if they decided to build on the east bank. 

[Titans101]

According to parkworld-online as of 12-18-2015. Six Territories have been already licensed for the Polercoaster and the five cities considered are Atlanta, Nashville, Myrtle Beach, New York, and Atlantic City. The Orlando Polercoaster will stand at 501ft. The LA Polercoaster can't exceed 600ft due to traffic concerns and the height of the tower. I guess we all will here of something in the near future on this. 

[titanhog]

17 minutes ago, Titans101 said:

According to parkworld-online as of 12-18-2015. Six Territories have been already licensed for the Polercoaster and the five cities considered are Atlanta, Nashville, Myrtle Beach, New York, and Atlantic City. The Orlando Polercoaster will stand at 501ft. The LA Polercoaster can't exceed 600ft due to traffic concerns and the height of the tower. I guess we all will here of something in the near future on this. 

Well...this probably means ours won't be over 30 feet tall. 

[markhollin]

Former Nashville Zoo site in Cheatham County being pursued for an Exotic Animal  Park.

http://www.nashvillepost.com/business/development/article/20782717/former-nashville-zoo-site-eyed-for-exotic-animal-park

[VSRJ]

On 6/18/2016 at 2:37 PM, Titans101 said:

According to parkworld-online as of 12-18-2015. Six Territories have been already licensed for the Polercoaster and the five cities considered are Atlanta, Nashville, Myrtle Beach, New York, and Atlantic City. The Orlando Polercoaster will stand at 501ft. The LA Polercoaster can't exceed 600ft due to traffic concerns and the height of the tower. I guess we all will here of something in the near future on this. 

I'd much rather just have Opryland back. The Polercoaster project in Orlando has been trying to get off the ground for years. Plus, I really question the staying power of these, and that's coming from a hardcore coaster enthusiast who would love nothing more to have something of this size so close.

[MLBrumby]

I thought there was a thread for Nashville Food and Drink. Anyway... here's recognition of two city restaurants by Wine Enthusiast magazine among their 100 Best Wine Restaurants list.  http://www.winemag.com/restaurant/prima/

 

Catbird Seat: http://www.winemag.com/restaurant/the-catbird-seat/

Prima: http://www.winemag.com/restaurant/prima/

[markhollin]

Turner Construction's Nashville branch now offers virtual reality ability to tour building plans.  This from today's Nashville Post:

The Nashville office of Turner Construction is now offering its clients a virtual reality service to allow them to “virtually enter a room or building.” The experience is meant to elevate the experiences that result when clients review blueprints or watch 3D videos, according to information Turner sent the Post.

With the virtual reality lab, clients can “virtually enter” a room or building, walk around, and pick things up and move them around. Turner Construction is billing itself as the first and only company in Nashville to offer a virtual service of this type.

Here is a link to a demonstration:

https://www.dropbox.com/s/g9yh2ikmgcd5npq/4-LDR Planning.mp4?dl=0

 

[Vrtigo]

54 minutes ago, markhollin said:

Turner Construction's Nashville branch now offers virtual reality ability to tour building plans.

I wonder if they have a VR simulation of West End Summit... Likely to be the only means through which any of us will ever get to see it.

[markhollin]

Another good piece summarizing the hotel scene, primarily in the core and immediate areas surrounding it:

http://www.tennessean.com/story/money/real-estate/2016/06/24/how-long-can-nashvilles-hotel-room-rates-continue-rise/86033056/

Goes into detail showing growth rates over the past 5 years, and how Nashville has become #1 in the nation for year-over-year percentage growth.  It shows that 11,191 rooms are in various stages of construction or planning.

For Music City Center CEO Charles Starks, new rooms at new full-service hotels such as The Westin are a welcome addition that makes Nashville more attractive for larger conventions. "We're losing business because of the lack of hotel availability," he said. "If everything that’s been said is going to be built downtown is built, I think we'll have adequate supply for the convention center. There's no question you're seeing supply growth, which should in time stabilize rates."
 

Leading the nation

From 2010 to 2015, Nashville led the nation in percentage growth in average daily revenue from each available room.

Nashville, 13.1 percent

San Francisco/San Mateo, Calif., 12.9 percent

Tampa-St. Petersburg, Fla., 10.2 percent

Oahu Island, Hawaii, 9.9 percent

Los Angeles-Long Beach, Calif., 9.8 percent

U.S. Average, 6.9 percent

Source: JLL (Jones Lang LaSalle) using STR data
 

Nashville's hotel pipeline

Under Construction,* 16 projects, 2,277 rooms

Final Planning,** 30 projects, 4,646 rooms

Planning,*** 41 projects, 4,268 rooms

* Ground has been broken or the owner is finalizing bids on the prime (general) contract.

**The project will go out for bids or construction will start within four months.

***An architect or engineer has been selected for the project and plans are underway. Initial approvals have usually been granted.

Source: STR
 

Strong lodging growth 

Nashville’s lodging market ranks among the fastest-growing nationwide in three key hotel industry performance measures — occupancy, average daily room rates and average daily revenue from each available room.

Year           Average Occupancy,  Average daily room rate,  RevPar (Average)**

2010, 58.2%; $86.68; $50.45

2011, 62.1%; $93.14; $57.87

2012, 65.4%; $96.42; $63.09

2013, 68.5%; $103.33; $70.80

2014, 71.9%; $116.48; $83.80

2015, $73.4%, $126.69; $93.05

2016*, $73.9%, $131.93, $97.49

* Through May.
**  RevPar (average revenue per day from each available hotel room)

SOURCE: STR

 

[titanhog]

^^Those are insane numbers.  Massive growth these past 6 years.

[markhollin]

"Nashville" TV show may begin translations into Spanish, Italian, and Korean soon:

http://www.tennessean.com/story/life/entertainment/2016/06/28/nashville-tv-show-spanish-korean-italian-stay-tuned/86445842/

[VSRJ]

Nashville has again been listed as a possible location for a Polercoaster or SkySpire attraction: http://www.coaster101.com/2016/06/29/polercoaster-developers-go-public-seek-investors/

The company behind the attractions went public today and are seeking investors. Nashville and Myrtle beach are the initial targeted markets, according to offering circular: "The company’s initially targeted markets are Myrtle Beach, Nashville and a third to be determined location, but the order and list of markets to develop may be subject to change based upon timing of approvals, financing and relative attractiveness of other sites."

It would be developed after the Myrtle Beach project: "Initially, the company will develop and operate a Polercoaster in Myrtle Beach or other site to be determined. If the company raises enough for a second project, it will develop and operate a Polercoaster in Nashville or other site to be determined."

Edited June 29, 2016 by VSRJ

[markhollin]

In case anyone needed more info on this year's downtown 4th of July festivities (taking place on the 3rd and the 4th), here are the details:

http://www.visitmusiccity.com/july4th