Reade Hotel Capital And Westport Capital Partners Secure $45.36M Loan For Embassy Suites Nashville
Tennessee
See Similar DealsReade Hotel Capital And Westport Capital Partners Secure $45.36M Loan For Embassy Suites Nashville
1811 Broadway
See Similar DealsSummary
The asset involved in this transaction is the Embassy Suites Nashville at Vanderbilt, located at 1811 Broadway in Nashville, TN. It is a hotel with a total of 208 keys. The acquisition loan for this property amounted to $45,360,000, which is categorized as first mortgage debt.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $45,360,000
- Address: 1811 Broadway
- Market: Nashville, TN
- Asset Type: Hotel
- Keys: 208
- Lender: Russell Frahm - Mesa West Capital
- Landlord: Reade Hotel Capital & Westport Capital Partners
- Loan Type: Acquisition
This transaction involved Mesa West Capital, executing the loan to Reade Hotel Capital and a Westport Capital affiliate for the purpose of acquiring and renovating the hotel property. The deal is characterized by the strategic partnership of both Reade Hotel Capital and Westport Capital Partners in this acquisition process.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want