Inicio Saving On Accommodation JLL Arranges Refinancing for Omni Nashville Resort — LODGING

JLL Arranges Refinancing for Omni Nashville Resort — LODGING

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JLL Arranges Refinancing for Omni Nashville Resort — LODGING


Omni Nashville

DALLAS, Texas—JLL’s Capital Markets introduced it has organized a $300 million refinancing for the Omni Nashville Resort, an 800-key luxurious resort 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 area, together with Nashville’s largest resort ballroom at 23,800 sq. ft. The LEED Silver-certified property presents 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 resort 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 available in the market.

The JLL Debt Advisory workforce 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 power of Nashville’s hospitality market, persistently rating on the prime 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.”

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