Inland Downtown Nashville Hospitality DST
Hotel in Nashville, TN — sponsored by Inland Private Capital
Files with the SEC as IPC Nashville Hospitality DST
Minimum investment
$25k
Offering size
$15.6M
How much has sold
100.0%
Asset type
Hotel
Location
Nashville, TN
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Inland Downtown Nashville Hospitality DST is a Delaware Statutory Trust — a co-ownership vehicle whose interests qualify as replacement property in a 1031 exchange — holding the 341-key DoubleTree by Hilton Nashville Downtown, an 11-story hotel in the city's Core District.1 Inland Private Capital sponsored it; the Trust filed its first Form D in March 2023, filed an amendment in May 2023, and is closed to new investors.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The hotel is an 11-story DoubleTree by Hilton at 315 4th Avenue North, in the Core District of downtown Nashville.1 Inland Private Capital's marketplace listing reports the property underwent a $6 million renovation in 2018.1 The reviewed public record does not establish when Inland's affiliate acquired the hotel; it shows only that an AWH affiliate agreed in 2019 to manage a downtown Nashville DoubleTree controlled by an IPC affiliate.2
- Reported location
- Nashville, TN
- Property size
- 341 keys
Who is the tenant, and what's the lease?
A hotel has no single tenant and no contractual rent: guests pay nightly, so cash flow tracks occupancy and room rates rather than a lease. The property flies Hilton's DoubleTree flag, and a Jan. 17, 2020 announcement said Spire Hospitality became its manager for Inland's affiliate after an AWH affiliate invested in the hotel.3
How did it end?
No sale or other ending on record
Inland Real Estate Income Trust annual-report disclosures dated March 13, 2024 and March 5, 2025 state that the downtown Nashville DoubleTree was managed/owned by third-party investors and controlled by an IPC affiliate; matched to the DST offering page identifying its asset as that DoubleTree, this supports continuing operation rather than a documented full-cycle exit.
11-story DoubleTree by Hilton hotel in Nashville's Core District downtown; 341 keys; underwent a $6M renovation in 2018; offering size $157,038,486, equity $80,953,386, 721 UpREIT structure, LTV 48.85%; closed offering. Now managed by AWH Partners on behalf of Inland's affiliate.
341 keysSupporting evidence
How is it financed, and what does it pay?
Leveraged means the Trust funded the property with mortgage debt alongside investor equity, so the loan's terms and any refinancing sit ahead of the equity. The sponsor's listing also describes a 721 UpREIT structure — a route to exchange Trust interests for REIT operating-partnership units instead of selling for cash.1
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Inland Private Capital is a long-established sponsor of 1031 exchange programs and one of the more prolific DST issuers by program count. On this hotel it works alongside AWH Partners: Inland Real Estate Income Trust's annual report dated March 5, 2025 describes an AWH affiliate managing a downtown Nashville DoubleTree controlled by an IPC affiliate, plus an AWH minority equity investment in the hotel.2 A securities-law firm published an investor alert referencing the Trust's Form D on Feb. 25, 2025.
- Sponsor
- Inland Private Capital
- Legal Trust name
- IPC Nashville Hospitality DST
- May convert to a REIT
- Yes
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The filing history is short: an original notice submitted after the first sale on March 8, 2023, then a single amendment that updated the subscription figures as the raise wound down.4 Because it was offered privately rather than by public advertising, the Trust reached investors through Inland's existing broker-dealer relationships.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Inland Downtown Nashville Hospitality DST?
Top1031 lists Inland Downtown Nashville Hospitality DST as historical. It is no longer raising money.
Where does Top1031 get the data for Inland Downtown Nashville Hospitality DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in this Trust?
No. Inland Downtown Nashville Hospitality DST is closed to new investors — the amendment Inland filed with the SEC on May 23, 2023 updated the offering to reflect the completed raise, and Inland's own marketplace listing labels it a closed offering. Interests in closed DSTs sometimes change hands privately, but there is no public market for them.
Who actually runs the hotel day to day?
The hotel operates under Hilton's DoubleTree brand. A Jan. 17, 2020 announcement from Spire Hospitality and AWH Partners said an AWH affiliate invested in the DoubleTree by Hilton Nashville Downtown and that Spire Hospitality became the manager for Inland's affiliate. Inland Real Estate Income Trust's annual report dated March 5, 2025 similarly describes an AWH affiliate managing a downtown Nashville DoubleTree controlled by an IPC affiliate.
Why does the sponsor's listing show a much larger offering size than the Form D?
Inland's marketplace listing, dated March 1, 2023, shows a total offering size of $157,038,486 and an equity offering of $80,953,386, while the Form D notices filed under this Trust's CIK report a far smaller amount (the rows on this page carry the filed figures). The public record does not reconcile the two; a Form D reports only the securities offered under that specific notice, not a property's full capitalization.
What does the 721 UpREIT feature mean for an investor?
A 721 exchange, sometimes called an UpREIT, lets a property owner contribute the asset to a real estate investment trust's operating partnership in exchange for partnership units instead of selling for cash. In a DST context it is a possible exit path: investors may end up holding REIT-linked units rather than receiving sale proceeds they could roll into another 1031 exchange. Inland's listing describes this Trust as having a 721 UpREIT structure.
How is a hotel DST different from a net-lease DST?
A net-lease DST collects rent from a tenant under a written lease, often triple-net, where the tenant covers taxes, insurance and maintenance. A hotel DST owns an operating business: revenue comes from nightly room rates and depends on occupancy, seasonality, brand performance and management, and there is no contractual rent obligation backstopping it.
Has this Trust gone full cycle or reported an outcome?
No outcome has been reported yet. As of research conducted Aug. 31, 2026, the reviewed public record shows no sale of the hotel, no disposition of the Trust, no rebrand, and no foreclosure, receivership or similar distress event, and no Trust-specific SEC filing after the May 23, 2023 amendment.
Chapter 9IPC Nashville Hospitality DST: Investor AlertSecurities-law firm notes a Form D filed in 2023 for $15,600,052 to raise capital for the IPC Nashville Hospitality DST private placement, flagging it for investor review. Inland Downtown Nashville Hospitality DSTSponsorship listing for the Inland Downtown Nashville Hospitality DST, an 11-story DoubleTree by Hilton at 315 4th Avenue North with 341 keys, $157M offering, 721 UpREIT structure, LTV 48.85%, and a $6M renovation completed in 2018. AWH Partners Invest in DoubleTree by Hilton Nashville DowntownPress release announcing AWH Partners' acquisition/investment in the DoubleTree by Hilton Nashville Downtown (315 4th Ave N) and assumption of management for Inland's affiliate. AWH Partners Acquire DoubleTree Nashville DowntownCoverage of AWH Partners' acquisition of the DoubleTree Nashville Downtown for an undisclosed price, with management for Inland's affiliate.