The Omni Nashville Hotel in Tennessee, US, has secured a $300m refinancing facility, which was arranged by real estate and investment management company JLL's Capital Markets group.
JLL represented the borrower, TRT Holdings, in securing a fixed-rate, seven-year loan through a US-based insurance company while AllianceBernstein Commercial Real Estate Debt acted as adviser to Equitable Financial Life Insurance Company.
TRT Holdings is the parent company of Omni Hotels & Resorts.
A 21-storey property featuring 800 rooms, Omni Nashville Hotel has more than 80,000ft² of meeting space and a hotel ballroom spanning 23,800ft².
The LEED Silver-certified hotel also offers various dining options, including Bob's Steak & Chop House, Kitchen Notes, and Barlines.
Guests also have access to a 5,500ft² Mokara spa, a rooftop pool, and a fitness centre.
JLL's 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.
Davis said: "The Omni Nashville exemplifies the strength of Nashville's hospitality market, consistently ranking at the top of its competitive set for RevPAR.
“With its irreplaceable location next to Music City Centre 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."
