Apollo Global Management Provides $51 Million Refinance Loan For Virgin Group Hotel In Nashville
1 Music Square West
$51,000,000
$263/SF
Building Size
193,778 SF
Asset Type
Hotel
Closing
Dec 15, 2025
AI
The asset involved in this transaction is a hotel located at 1 Music Square West in Nashville, TN. This hotel encompasses a total square footage of 193,778 and features 262 keys. The loan amount secured for this asset is $51,000,000 and it is classified as a refinance loan.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $51,000,000
- Address: 1 Music Square West
- Market: Nashville, TN
- Square Footage: 193,778
- Keys: 262
- Lender: Apollo Global Management
- Lender's Representative: Marc Rowan
- Landlord: Virgin Group
- Landlord's Representative: Josh Bayless
- Landlord's Representatives: Jordan Roeschlaub, Nick Scribani, Tyler Dumon - Newmark
- Loan Type: Refinance
This transaction involves key individuals and companies including Marc Rowan representing Apollo Global Management as the lender, and Josh Bayless representing Virgin Group as the landlord. The landlord's representatives include Jordan Roeschlaub, Nick Scribani, and Tyler Dumon from Newmark, highlighting the collaboration among different parties in this deal.
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93