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Omni Nashville Resort – Picture Credit score Omni Lodges
JLL‘s Capital Markets Group has secured a $300 million refinancing deal for the Omni Nashville Resort, an 800-room luxurious lodge 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 Resort, a 21-story constructing that opened in 2013, has over 80,000 sq. toes of assembly area, together with Nashville’s largest lodge ballroom, which spans 23,800 sq. toes. 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 heart.
The lodge is positioned at 250 Rep. John Lewis Method South and is related to the Nation Music Corridor of Fame and Museum. Additionally it is immediately reverse the two.1 million-square-foot Music Metropolis Heart 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 are a magnet for over 14 million guests yearly and have seen main employers develop within the area.
A workforce from JLL’s Debt Advisory led the financing deal for the Omni Nashville Resort. The workforce included Kevin Davis, CEO of Lodges & 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 Heart and its high-quality facilities have positioned it in a robust place in Nashville’s hospitality market. He added that the property is predicted to take care of its main efficiency as Nashville continues to expertise important progress in leisure and enterprise journey demand.
JLL’s Capital Markets group is a worldwide capital options supplier for actual property buyers and occupiers. The agency boasts over 3,000 Capital Markets specialists worldwide, working in almost 50 international locations. It gives varied companies, together with funding gross sales and advisory, debt advisory, fairness advisory, and recapitalization.
