facebook

traded

+ Submit
Home

/

Deals

/

Tennessee

/

Hotel

/

Loan

/

250 Rep. John Lewis Way South

JLL Secures $300 Million Refinance Loan For Omni Nashville Hotel Owned By TRT Holdings Inc
FINANCEDHotel

JLL Secures $300 Million Refinance Loan For Omni Nashville Hotel Owned By TRT Holdings Inc

250 Rep. John Lewis Way South

$300,000,000

Building Size

Asset Type

Hotel

Closing

Jan 10, 2025

AI

The Omni Nashville Hotel, located at 250 Rep. John Lewis Way South in Nashville, TN, is an 800-room hotel that secured refinancing. The property is owned by TRT Holdings Inc and is situated in a vibrant downtown market, providing hospitality services to both tourists and business travelers.

Summary of transaction details:

JLL facilitated the refinancing process, representing TRT Holdings Inc in this transaction. The loan was arranged through a domestic insurer and AllianceBernstein Commercial Real Estate Debt, underscoring the collaboration among financial institutions to secure favorable loan terms for significant properties.

Players

Kevin Davis

JLL

Broker

$3B

vol

22 deals

Broker
 Equitable Financial Life Insurance
Equitable Financial Life InsuranceLender

Nashville Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93