Paramount, BCDC to Bring Dual-Brand to Knoxville, TN

KNOXVILLE, TN—Paramount Hospitality Management LLC and Batson-Cook Development Company (BCDC) broke ground on a nine-story, dual-brand hotel here.

The project will include a 144-room Courtyard by Marriott and an 88-room Residence Inn. The $43-million development will offer modern interiors, a rooftop lounge with views overlooking downtown Knoxville, and a bar and café in the lobby. With a total of 166,544 sq. ft. and a three-level parking deck, the hotel will be completed in the third quarter of 2018. 

The site is located close to Market Square, the culinary and cultural center of Knoxville, and the University of Tennessee. The downtown area is also home to nearly 6.2 million sq. ft. of office space.

Paramount Hospitality is the lead developer and will operate the hotel. Both Paramount and BCDC are equity investors. BB&T is providing financing. The general contractor is Knoxville-based Blaine Construction Corp.