JLL secures $300M refinancing for Omni Nashville Hotel

JLL secures $300M refinancing for Omni Nashville Hotel

PR Newswire

DALLAS, Jan. 9, 2025

Financing arranged for 800-key convention center hotel in one of the top-performing lodging markets in the country

DALLAS, Jan. 9, 2025 /PRNewswire/ — JLL's Capital Markets group announced today it has arranged a $300 million refinancing for the Omni Nashville Hotel, an 800-key luxury hotel in downtown Nashville.

JLL worked on behalf of the borrower, TRT Holdings, Inc., to secure 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 Financial Life Insurance Company.

The 21-story Omni Nashville Hotel opened in 2013 and features over 80,000 square feet of meeting space, including Nashville's largest hotel ballroom at 23,800 square feet. The LEED Silver certified property offers multiple dining options like Bob's Steak & Chop House, Kitchen Notes and Barlines, as well as a 5,500-square-foot Mokara spa, rooftop pool and state-of-the-art fitness center.

Located at 250 Rep. John Lewis Way South, the hotel is seamlessly integrated with the Country Music Hall of Fame and Museum and sits across from the 2.1 million-square-foot Music City Center convention facility. The property benefits from Nashville's booming tourism and corporate sectors, with over 14 million annual visitors and major employers expanding in the market.

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," said Davis. "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."

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom.

About TRT Holdings, Inc.

TRT Holdings, Inc, the parent company of Omni Hotels & Resorts, is a privately owned, diversified holding company based in Dallas, Texas with primary interests in hospitality, real estate, and private and public investments. TRT Holdings was founded in 1989 and is owned and controlled by Robert Rowling, Chairman, and Blake Rowling, President.

About AllianceBernstein (AB)

AllianceBernstein L.P., parent company of AllianceBernstein Limited, is a leading investment-management firm with $793 billion in client assets under management, as of October 31, 2024. AB offers high-quality research and diversified investment services to institutional, high-net-worth and retail investors, in major world markets.

AB's investment capabilities span diverse asset classes, investment styles and geographic markets. They include: Luxembourg-domiciled global, regional and sector-specific equity funds; multi-asset and alternative funds; and fixed-income strategies that encompass the entire risk/reward spectrum.

About JLL

For over 200 years, JLL , a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500(R) company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY(SM) . JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Contact: Grace Lewis, JLL PR

Phone: +1 903 520 3478

Email: grace.lewis@jll.com

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SOURCE JLL