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Omni Nashville Lodge – Picture Credit score Omni Resorts
JLL‘s Capital Markets Group has secured a $300 million refinancing deal for the Omni Nashville Lodge, an 800-room luxurious resort in downtown Nashville.
The seven-year, fixed-rate mortgage was organized on behalf of the borrower, TRT Holdings, Inc.. It was sourced from a U.S.-based insurance coverage firm and AllianceBernstein Business Actual Property Debt as an Equitable Monetary Life Insurance coverage Firm advisor.
Omni Nashville Lodge, a 21-story constructing that opened in 2013, has over 80,000 sq. ft of assembly house, together with Nashville’s largest resort ballroom, which spans 23,800 sq. ft. The LEED Silver-certified property options a number of eating choices, together with Bob’s Steak & Chop Home, Kitchen Notes, and Barlines. It additionally boasts a 5,500-square-foot Mokara spa, a rooftop pool, and a state-of-the-art health middle.
The resort is situated at 250 Rep. John Lewis Manner South and is related to the Nation Music Corridor of Fame and Museum. It is usually immediately reverse the two.1 million-square-foot Music Metropolis Middle conference facility. The property’s location and quite a few facilities make it a major beneficiary of Nashville’s thriving tourism and company sectors, which magnetize over 14 million guests yearly and have seen main employers increase within the area.
A group from JLL’s Debt Advisory led the financing deal for the Omni Nashville Lodge. The group included Kevin Davis, CEO of Resorts & Hospitality Group Americas, Senior Managing Administrators Whit Johnson and Jim Curtin, Managing Director Mike Huth, Director Shalin Patel, Affiliate Luke Rogers, and Analyst Nick Warta.
Kevin Davis commented on the deal, stating that Omni Nashville’s location subsequent to the Music Metropolis Middle and its high-quality facilities have positioned it in a powerful place in Nashville’s hospitality market. He added that the property is anticipated to take care of its main efficiency as Nashville continues to expertise vital development in leisure and enterprise journey demand.
JLL’s Capital Markets group is a world capital options supplier for actual property traders and occupiers. The agency boasts over 3,000 Capital Markets specialists worldwide, working in almost 50 nations. It presents varied providers, together with funding gross sales and advisory, debt advisory, fairness advisory, and recapitalization.
