DALLAS, Texas—JLL’s Capital Markets introduced it has organized a $300 million refinancing for the Omni Nashville Resort, an 800-key luxurious lodge in downtown Nashville.
JLL labored on behalf of the borrower, TRT Holdings, Inc., to safe a fixed-rate, seven-year mortgage by way of a U.S.-based insurance coverage firm and AllianceBernstein Industrial Actual Property Debt, in its capability as advisor to Equitable Monetary Life Insurance coverage Firm.
The 21-story Omni Nashville Resort opened in 2013 and has over 80,000 sq. ft of assembly house, together with Nashville’s largest lodge ballroom at 23,800 sq. ft. The LEED Silver-certified property gives a number of eating choices like Bob’s Steak & Chop Home, Kitchen Notes, and Barlines, in addition to a 5,500-square-foot Mokara spa, rooftop pool, and health middle.
The lodge is built-in with the Nation Music Corridor of Fame and Museum and sits throughout from the two.1 million-square-foot Music Metropolis Heart conference facility. The property advantages from Nashville’s tourism and company sectors, with over 14 million annual guests and employers increasing available in the market.
The JLL Debt Advisory staff was led by Inns & Hospitality Group Americas CEO Kevin Davis, Senior Managing Administrators Whit Johnson and Jim Curtin, Managing Director Mike Huth, Director Shalin Patel, Affiliate Luke Rogers, and Analyst Nick Warta.
“The Omni Nashville exemplifies the energy of Nashville’s hospitality market, persistently rating on the high of its aggressive set for RevPAR,” mentioned Davis. “With its irreplaceable location subsequent to Music Metropolis Heart and high-quality facilities, the property is well-positioned to proceed its market-leading efficiency as Nashville experiences large development in each leisure and enterprise journey demand.”
