Brentwood-based GBT Realty announced Tuesday that Chartwell Hospitality will own, develop and manage the hotel component of Parke West, GBT's project under construction near the intersection of West End Avenue and Interstate 440.

In addition, and according to a release, First Horizon Bank is providing a $56.5 million construction loan for GBT's component of the the roughly $100 million development, which will include a 172-room dual-branded Hilton Garden Inn and Home2 Suites Hotel. Parke West also will include a courtyard accessible via a nearby Metro Parks greenway, 11,000 square feet of ground-level retail (which is expected to feature a restaurant with outdoor seating) and 210 residential units.