EPR Properties Acquires Margaritaville Nashville Hotel For $70 Million From Safe Harbor Development LLC

The transaction involved the sale of the Margaritaville Nashville Hotel located at 425 Rep. John Lewis Way North in Nashville, TN. The asset, categorized as a hotel, was sold for $70,000,000 and consists of 166 units, with a price per unit of $421,687.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $70,000,000
• Units: 166
• Price Per Unit: $421,687
• Buyer: EPR Properties
• Seller: Safe Harbor Development LLC

EPR Properties, based in Kansas City, executed the purchase, acquiring the hotel while excluding the 52 condo units associated with the property. The deal showcases the strategic interests of EPR Properties in the hospitality sector.