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1 Music Square West

Apollo Global Management Provides $51 Million Refinance Loan For Virgin Group Hotel In Nashville
FINANCEDHotel

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

Nick Scribani

Newmark

Broker

$55.4B

vol

195 deals

Broker
Marc Rowan

Marc Rowan

Lender

$1.6B

vol

20 deals

Lender

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