Peachtree Hotel Group LLC Acquires Homewood Suites By Hilton Nashville Vanderbilt For $88M
2400 West End Avenue Nashville, Tennessee 37203, USA
$88,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 5, 2023
About this deal
AI
Homewood Suites by Hilton Nashville Vanderbilt, a hotel located at 2400 West End Avenue in West End, Nashville, has been sold for $88 million. The buyer, an LLC affiliated with Atlanta-based Peachtree Hotel Group LLC, a private equity firm, acquired the property.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $88,000,000
- Address: 2400 West End Avenue, Nashville, TN
- Market: Nashville, TN
- Buyer: Affiliate of Peachtree Hotel Group LLC
Peachtree Hotel Group LLC, based in Atlanta, is a private equity firm with a diverse portfolio that includes well-known hotel brands such as Hilton, Marriott, and IHG.
Players
Nashville Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93