NASHVILLE, TENN. — Oracle Corp. (NYSE: ORCL) has partnered with Nobu Hospitality, a Miami Beach, Fla.-based operator whose concept is rooted in Japanese culture, for a new hotel and restaurant on its new corporate headquarters campus in Nashville. According to local media outlet The Tennessean, Oracle’s Nashville project is valued at roughly $1.2 billion.
Designed in collaboration with architecture firm Foster + Partners, the new hotel will feature 120 rooms and suites. Guests will have access to a Nobu restaurant on the lobby level, as well as flexible meeting and event spaces for both intimate gatherings and larger occasions. The hotel will also offer a lobby café, fitness center and spa facilities and a rooftop infinity rooftop pool with curated food-and-beverage service.
“We’re excited to bring the Nobu lifestyle to Nashville’s East Bank, a vibrant district ready for growth,” says Trevor Horwell, CEO of Nobu Hospitality. “After much anticipation and requests from our loyal Nobu customers, partnering with Oracle is a perfect match. Nashville’s rich culture and culinary scene make it an ideal home for Nobu, and we can’t wait to create a destination that embodies the city’s spirit and our unique experience.”
Oracle, an IT company known for its cloud-based products and services, announced in April 2024 that it planned to relocate its global headquarters from Austin to Nashville. Oracle had previously relocated to Austin from its longtime hub Redwood City, Calif., in 2021. That same year, Oracle announced that it has purchased a 60-acre along the Cumberland River in downtown Nashville for more than $250 million.
According to News Channel 5 Nashville, the scope of the Nashville project has “dramatically expanded” since the initial announcement, but construction has yet to commence, and Oracle has not yet set a firm date for a groundbreaking. News Channel 5 Nashville also reports that the campus is now expected to feature about 2 million square feet of office, retail and hospitality space.
Oracle’s stock price opened at $298.70 per share on Monday, Oct. 13, up roughly 70 percent from $176.55 per share a year ago.