Reade Hotel Capital And Westport Capital Partners Secure $45.36M Loan For Embassy Suites Nashville

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.