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
About this deal
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:
- Property Type: Hotel
- Transaction Amount: $300,000,000
- Loan Type: Refinance
- Loan Terms: seven-year, fixed-rate loan
- Lender:Equitable Financial Life Insurance
- Landlord: TRT Holdings Inc
- Brokers: Jim Curtin, Kevin Davis, Luke Rogers, Shalin Patel, Whitaker Johnson, Mike Huth, Nick Warta - JLL
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
Nashville Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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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