On 10 November 2022, JLL Capital Markets announced that it has negotiated $172 million in financing for the acquisition of the newly constructed Four Seasons Hotel in Nashville. JLL worked on behalf of the sponsor, a joint venture comprised of GD Holdings, Stonebridge Development Co., and Copford Capital Management LLC, to acquire purchase financing from Credit Suisse.
The 40-story, full-service, premium Four Seasons Hotel Nashville will open in 2022 with 235 rooms, including 42 suites. The art- and light-filled hotel has a restaurant helmed by a Michelin-starred chef, a distinctive bar concept, a full-service spa, a resort-style pool deck, and other contemporary event spaces.
The hotel is located on a 1.47-acre property at 100 Demonbreun Street in the thriving South Broadway neighborhood of downtown Nashville and is linked to Nissan Stadium, home of the Tennessee Titans, by the Shelby Avenue pedestrian bridge. In addition, the Four Seasons Hotel Nashville is close to Riverfront Park and the Cumberland River and is just minutes away from Music City Center and Broadway Street, the city’s most renowned entertainment and tourism destinations.
The team representing the borrower at JLL Capital Markets was headed by Senior Managing Director Eric Tupler, Executive Vice President Jeff Bucaro, Senior Managing Director Brian Dawson, and America’s Chief Executive Officer of JLL Hotels & Hospitality Group Kevin Davis.
“Nashville hosted 12.6 million visitors in 2021 and continues to see consistent year-over-year tourism growth along with an exploding year-round residential population,” said Tupler. “With this increased tourism, there is a growing number of international and wealthy travelers primed to take advantage of Nashville’s first true five-star luxury hotel.”