Downtown’s Fairlane Hotel has sold for $40 million, with one of the new owners a London company making its initial purchase in downtown Nashville.

According to a Davidson County Register of Deeds document, the seller of the 13-story building, with an address of 401 Union St., was an LLC affiliated with Nashville-based Oliver Hospitality. The LLC paid $1.02 million for the building in 2011 and converted it to the boutique hotel.

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