JLL secures $300M refinancing for Omni Nashville Hotel

Financing and Market Context - JLL arranged a 300 million refinancing for the Omni Nashville Hotel, an 800-key luxury hotel in downtown Nashville [1] - The refinancing was secured through a fixed-rate, seven-year loan with a U.S.-based insurance company and AllianceBernstein Commercial Real Estate Debt [2] - Nashville is one of the top-performing lodging markets in the country, benefiting from over 14 million annual visitors and a booming tourism and corporate sector [3] Hotel Features and Performance - The Omni Nashville Hotel, opened in 2013, is a 21-story LEED Silver certified property with over 80,000 square feet of meeting space, including a 23,800-square-foot ballroom [2] - The hotel offers multiple dining options, a 5,500-square-foot Mokara spa, a rooftop pool, and a state-of-the-art fitness center [2] - The hotel is integrated with the Country Music Hall of Fame and Museum and is located across from the 2.1 million-square-foot Music City Center convention facility [3] - The property consistently ranks at the top of its competitive set for RevPAR, benefiting from its irreplaceable location and high-quality amenities [5] Key Players and Their Roles - JLL's Debt Advisory team, led by Kevin Davis, Whit Johnson, Jim Curtin, Mike Huth, Shalin Patel, Luke Rogers, and Nick Warta, facilitated the refinancing [4] - TRT Holdings, Inc, the parent company of Omni Hotels & Resorts, is the borrower and a privately owned diversified holding company with interests in hospitality, real estate, and investments [7] - AllianceBernstein, with 793 billion in client assets under management as of October 31, 2024, acted as an advisor in the refinancing process [8] JLL's Global Capabilities - JLL is a leading global commercial real estate and investment management company with over 200 years of experience [10] - The firm has more than 3,000 Capital Markets specialists worldwide and operates in nearly 50 countries, offering services such as investment sales, debt advisory, equity advisory, and recapitalization [5][10] - JLL reported annual revenue of $20.8 billion and employs over 111,000 people globally [10]