TRT Holdings, owner of Omni Hotels & Resorts, has refinanced the Omni Nashville Hotel with a new $300 million loan.
JLL's Capital Markets group assisted TRT Holdings in securing a fixed-rate, seven-year loan through a U.S.-based insurance company and AllianceBernstein Commercial Real Estate Debt, in its capacity as advisor to Equitable, according to a news release.
Located in the central business district, the 800-key Omni Nashville opened in 2013. The upper-upscale hotel has more than 80,000 square feet of meeting space, including the city's largest hotel ballroom at 23,800 square feet, as well as a spa, rooftop pool and fitness center. It also offers multiple food and beverage options for guests and locals, including Bob's Steak & Chop House, Kitchen Notes and Barlines.
The hotel is connected to the Country Music Hall of Fame and Museum and sits across the street from the 2.1 million-square-foot Music City Center convention center.
The JLL Debt Advisory team was led by Hotels & Hospitality Group Americas CEO Kevin Davis, Senior Managing Directors Whit Johnson and Jim Curtin, Managing Director Mike Huth, Director Shalin Patel, associate Luke Rogers and analyst Nick Warta.
"The Omni Nashville exemplifies the strength of Nashville's hospitality market, consistently ranking at the top of its competitive set for RevPAR," Davis said in the release. "With its irreplaceable location next to Music City Center and high-quality amenities, the property is well-positioned to continue its market-leading performance as Nashville experiences tremendous growth in both leisure and business travel demand."
Omni Hotels & Resorts is a hotel brand, ownership and operations company all in one. It has a portfolio of 50 hotels and resorts in popular leisure and business locations across the U.S. and Canada.