Downtown Knoxville’s Cumberland House Hotel Sells for $35 Million

Downtown Knoxville’s Cumberland House Hotel Sells for $35 Million

Downtown Knoxville continues to see exciting movement in its real estate and hospitality market. The Cumberland House Knoxville, a seven-story, 130-room boutique hotel located just steps from World’s Fair Park and The Strip, has officially sold for $35.14 million.

A Major Move in Knoxville’s Hotel Scene

The property was purchased by Sachchidanand 1109 LLC, a business registered to Shailesh Patel of The 9 Group—a local developer known for owning and operating several hotels across the Knoxville area. Patel’s group has been particularly active in recent years, acquiring multiple properties and expanding its portfolio throughout East Tennessee.

This purchase adds to the group’s growing list of hospitality investments, which already includes the Crowne Plaza Knoxville, another well-known downtown property acquired by the same developer.

A Knoxville Landmark with Strong Local Ties

The Cumberland House first gained attention when it opened under the Hilton Tapestry Collection with backing from Peyton Manning and a team of local investors. Its location—just west of World’s Fair Park and within walking distance of the University of Tennessee—makes it one of the most convenient stays for visitors looking to experience Knoxville’s downtown energy, local dining, and game-day atmosphere.

What This Means for Downtown Knoxville

This sale underscores the continued strength and appeal of Knoxville’s urban core, where investment in hotels, mixed-use developments, and new residential projects shows no sign of slowing down. As tourism and event traffic rise, developers continue to see downtown Knoxville as a prime destination for both business and leisure travelers.