An Atlanta-based hotel developer bought the East Nashville site where it is planning a Marriott hotel. Dream Capital paid $5 million for a 1.41-acre property near the East Bank, located at 751 S. Fifth St., where it is eyeing an eight-story, dual-branded Marriott hotel. The seller was Professional Services Inc., which paid $58,290 for the site in 1991.

The project has a 2-level parking podium with 6 levels of hotel space above. Dream Capital’s hotel will offer 265 rooms. The third level will include an outdoor amenity area with a pool, fire pit and outdoor dining and seating areas. The ground level of the building will offer around 7,000 square feet of retail space.  Levels 4-8 include rooms for the two hotel brands as well as a rooftop bar amenity.

Nashville-based Kimley-Horn and Charlotte-based Oda Architecture are leading design for the project. The proposed hotel sits near the new Nissan stadium and other big East Bank projects.