As Nashville, Tenn., welcomed the opening of the Music City Center over the weekend, hotels in the city are vying to compete for a slice of the market. Loews Vanderbilt Hotel recently underwent a $17 million renovation, while Hotel Indigo poured $5 million into expansion. "The convention center is a very significant factor in terms of generating new demand that hasn’t been in the marketplace before," said Chuck Pinkowski, a hospitality industry consultant. "If hotels want to be competitive with all the new stuff that's coming online, they need to upgrade. I saw this in Austin, Indianapolis and now in Nashville."

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