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BUSINESS NEWS CAPTION BY HYATT DOWNTOWN NASHVILLE DEBUTS IN THE GULCH The Gulch is now open in the bustling Gulch neighborhood of downtown Nashville, nestled between downtown Nashville and the West End and steps from famed Broadway Street, offering easy access to the city’s best retail shops, restaurants, bars and live entertainment. Developed through a partnership between New Orleans-based real estate firm HRI Hospitality and Nashville-based C. B. Ragland Company, the hotel features 210 rooms with 2,200 square feet of indoor and outdoor meeting space, a spacious fitness center and flexible common spaces for working, socializing and hosting small events. It also boasts Café Between, an all-day coffee and cocktail lounge

welcoming guests and locals. The hotel will be managed by HRI Lodging, LLC. Hastings Architecture, LLC served as the architectural design firm, with interior design led by Studio 11 out of Dallas. JE Dunn served as the general contractor for the project. “We’re thrilled to open the doors of Caption by Hyatt Downtown Nashville and invite guests, Nashville residents, and World of Hyatt members to experience this vibrant property,” said Brian Kent, general manager, Caption by Hyatt Downtown Nashville – The Gulch. “Whether you’re here for business or leisure, this one-of-a- kind hotel captures the essence of Music City, providing guests with unforgettable experiences rooted in local culture.”

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KYLE AHERN, from page 1

■ A focus on growth. Observations from the 2025 compensation data highlight the differences in salary increases for fast-growing firms (firms that achieve an annual revenue growth rate of 20 percent or more) and all other firms. Fast-growth firms’ salaries increased by an average of 8.2 percent compared to 4.9 percent for stable firms (firms with unchanged revenue growth for three years) and 3.17 percent for slow growth (firms with 1 percent to 19 percent annual revenue growth rate). For firm leaders who have to deal with complaints that growing only means working more hours and working harder, they can point to the data that it actually leads to higher salary increases. Fast-growth firms invested in administrative and non-technical roles over top management roles. Administrative and non-technical roles saw an average increase of 12 percent whereas top management at these firms saw a salary decrease of 3.19 percent. The updated Zweig Insights platform and the 2025 Salary Report of AEC Firms provide the most comprehensive compensation data available for the AEC industry. Compiled from a year’s worth of data gathered from hundreds of firms across the U.S., this report is an industry standard for firm leaders and HR directors aiming to benchmark their compensation strategies and ensure they remain competitive in today’s job market. The insights from this report go beyond numbers – they offer a window into the evolving priorities and challenges within the AEC industry. As the AEC industry continues to adapt to new challenges and opportunities, having access to reliable compensation data is more critical than ever. Firms that leverage tools like Zweig Insights are better equipped to navigate the complexities of talent retention and recruitment, ensuring they remain competitive in an increasingly dynamic marketplace. To learn more or access the full report, click here . Kyle Ahern is an employee experience and data strategist at Zweig Group. Contact him at kahern@zweiggroup.com.

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THE ZWEIG LETTER JANUARY 13, 2025, ISSUE 1568

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