Financing arranged for 800-key convention center hotel in one
of the top-performing lodging markets in the country
DALLAS, Jan. 9, 2025
/PRNewswire/ -- JLL's Capital Markets group announced today it has
arranged a $300 million refinancing
for the Omni Nashville Hotel, an 800-key luxury hotel in downtown
Nashville.
JLL worked on behalf of the borrower, TRT Holdings, Inc., to
secure a fixed-rate, seven-year loan through a U.S.-based insurance
company and AllianceBernstein Commercial Real Estate Debt, in its
capacity as advisor to Equitable Financial Life Insurance
Company.
The 21-story Omni Nashville Hotel opened in 2013 and features
over 80,000 square feet of meeting space, including Nashville's largest hotel ballroom at 23,800
square feet. The LEED Silver certified property offers multiple
dining options like Bob's Steak & Chop House, Kitchen Notes and
Barlines, as well as a 5,500-square-foot Mokara spa, rooftop pool
and state-of-the-art fitness center.
Located at 250 Rep. John Lewis Way
South, the hotel is seamlessly integrated with the Country
Music Hall of Fame and Museum and sits across from the 2.1
million-square-foot Music City Center convention facility. The
property benefits from Nashville's
booming tourism and corporate sectors, with over 14 million annual
visitors and major employers expanding in the market.
The JLL Debt Advisory team was led by Hotels & Hospitality
Group Americas CEO Kevin Davis,
Senior Managing Directors Whit
Johnson and Jim Curtin,
Managing Director Mike Huth,
Director Shalin Patel, Associate
Luke Rogers and Analyst Nick
Warta.
"The Omni Nashville exemplifies the strength of Nashville's hospitality market, consistently
ranking at the top of its competitive set for RevPAR," said Davis.
"With its irreplaceable location next to Music City Center and
high-quality amenities, the property is well-positioned to continue
its market-leading performance as Nashville experiences tremendous growth in
both leisure and business travel demand."
JLL's Capital Markets group is a full-service global provider of
capital solutions for real estate investors and occupiers. The
firm's in-depth local market and global investor knowledge delivers
the best-in-class solutions for clients — whether investment sales
and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 Capital Markets specialists worldwide
with offices in nearly 50 countries.
For more news, videos and research resources, please visit
JLL's newsroom.
About TRT Holdings, Inc.
TRT Holdings, Inc, the parent
company of Omni Hotels & Resorts, is a privately owned,
diversified holding company based in Dallas, Texas with primary interests in
hospitality, real estate, and private and public investments. TRT
Holdings was founded in 1989 and is owned and controlled by
Robert Rowling, Chairman, and
Blake Rowling, President.
About AllianceBernstein (AB)
AllianceBernstein L.P.,
parent company of AllianceBernstein Limited, is a leading
investment-management firm with $793
billion in client assets under management, as of
October 31, 2024. AB offers
high-quality research and diversified investment services to
institutional, high-net-worth and retail investors, in major world
markets.
AB's investment capabilities span diverse asset classes,
investment styles and geographic markets. They include:
Luxembourg-domiciled global,
regional and sector-specific equity funds; multi-asset and
alternative funds; and fixed-income strategies that encompass the
entire risk/reward spectrum.
About JLL
For over 200 years, JLL (NYSE: JLL), a
leading global commercial real estate and investment management
company, has helped clients buy, build, occupy, manage and invest
in a variety of commercial, industrial, hotel, residential and
retail properties. A Fortune 500® company with annual
revenue of $20.8 billion and
operations in over 80 countries around the world, our more than
111,000 employees bring the power of a global platform combined
with local expertise. Driven by our purpose to shape the future of
real estate for a better world, we help our clients, people and
communities SEE A BRIGHTER WAYSM. JLL is the brand name,
and a registered trademark, of Jones Lang LaSalle Incorporated. For
further information, visit jll.com.
Contact: Grace Lewis, JLL PR
Phone: +1 903 520 3478
Email: grace.lewis@jll.com
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SOURCE JLL
