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 means of a U.S.-based insurance coverage firm and AllianceBernstein Business 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. toes of assembly house, together with Nashville’s largest lodge ballroom at 23,800 sq. toes. 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 heart.
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 Middle conference facility. The property advantages from Nashville’s tourism and company sectors, with over 14 million annual guests and employers increasing out there.
The JLL Debt Advisory staff was led by Motels & 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 power of Nashville’s hospitality market, constantly rating on the high of its aggressive set for RevPAR,” stated Davis. “With its irreplaceable location subsequent to Music Metropolis Middle and high-quality facilities, the property is well-positioned to proceed its market-leading efficiency as Nashville experiences super progress in each leisure and enterprise journey demand.”
