Financing organized for 800-key conference heart resort in one of many top-performing lodging markets within the nation
DALLAS, Jan. 9, 2025 /PRNewswire/ — JLL‘s¯Capital Markets group introduced right this moment it has organized a $300 million refinancing for the Omni Nashville Lodge, an 800-key luxurious resort in downtown Nashville.
JLL labored on behalf of the borrower, TRT Holdings, Inc., to safe a fixed-rate, seven-year mortgage by a U.S.-based insurance coverage firm and AllianceBernstein (NYSE:) Industrial Debt, in its capability as advisor to Equitable Monetary Life Insurance coverage (NS:) Firm.
The 21-story Omni Nashville Lodge opened in 2013 and options over 80,000 sq. toes of assembly area, together with Nashville’s largest resort ballroom at 23,800 sq. toes. The LEED Silver licensed property gives a number of eating choices like Bob’s Steak & Chop Home, Kitchen Notes and Barlines, in addition to a 5,500-square-foot Mokara spa, rooftop pool and state-of-the-art health heart.
Positioned at 250 Rep. John Lewis (JO:) Approach South, the resort is seamlessly built-in with the Nation Music Corridor of Fame and Museum and sits throughout from the two.1 million-square-foot Music Metropolis Heart conference facility. The property advantages from Nashville’s booming tourism and company sectors, with over 14 million annual guests and main employers increasing out there.
The JLL Debt Advisory group was led by Resorts & Hospitality Group Americas CEO Kevin Davis, Senior Managing Administrators Whit Johnson and Jim Curtin, Managing Director Mike Huth, Director Shalin Patel, Affiliate Luke Rogers (NYSE:) and Analyst Nick Warta.
“The Omni Nashville exemplifies the energy of Nashville’s hospitality market, persistently rating on the prime of its aggressive set for RevPAR,” stated Davis. “With its irreplaceable location subsequent to Music Metropolis Heart and high-quality facilities, the property is well-positioned to proceed its market-leading efficiency as Nashville experiences large progress in each leisure and enterprise journey demand.”
JLL’s Capital Markets group is a full-service world supplier of capital options for actual property traders and occupiers. The agency’s in-depth native market and world investor data delivers the best-in-class options for purchasers ” whether or not funding gross sales and advisory, debt advisory, fairness advisory or a recapitalization. The agency has greater than 3,000 Capital Markets specialists worldwide with workplaces in practically 50 international locations.
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About TRT Holdings, Inc.
TRT Holdings, Inc, the dad or mum firm of Omni Resorts & Resorts, is a privately owned, diversified holding firm primarily based in Dallas, Texas with major pursuits in hospitality, actual property, and personal and public investments. TRT Holdings was based in 1989 and is owned and managed by Robert Rowling, Chairman, and Blake Rowling, President.
About AllianceBernstein (AB)
AllianceBernstein L.P., dad or mum firm of AllianceBernstein Restricted, is a number one investment-management agency with $793 billion in consumer belongings below administration, as of October 31, 2024. AB gives high-quality analysis and diversified funding companies to institutional, high-net-worth and retail traders, in main world markets.
AB’s funding capabilities span numerous asset courses, funding types and geographic markets. They embody: Luxembourg-domiciled world, regional and sector-specific fairness funds; multi-asset and different funds; and fixed-income methods that embody all the threat/reward spectrum.
About JLL
For over 200 years, JLL (NYSE: JLL), a number one world industrial actual property and funding administration firm, has helped purchasers purchase, construct, occupy, handle and put money into quite a lot of industrial, industrial, resort, residential and retail properties. A Fortune 500 ® firm with annual income of $20.8 billion and operations in over 80 international locations all over the world, our greater than 111,000 staff convey the facility of a worldwide platform mixed with native experience. Pushed by our goal to form the way forward for actual property for a greater world, we assist our purchasers, individuals and communities SEE A BRIGHTER WAYSM. JLL is the model identify, and a registered trademark, of Jones Lang LaSalle Integrated. For additional info, go to jll.com.
Contact: Grace Lewis, JLL PR
Telephone: +1 903 520 3478
E mail: grace.lewis@jll.com
