JLL Capital Markets led the financing efforts for the acquisition of the 235-key luxury hotel in bustling downtown Nashville
News release
09 November 2022
$172M financing arranged for the Four Seasons Hotel Nashville
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DENVER – Nov. 9, 2022 – JLL Capital Markets announced today that it has arranged $172 million in financing for the acquisition of the newly completed Four Seasons Hotel Nashville.
JLL worked on behalf of the sponsorship, a joint venture between GD Holdings, Stonebridge Development Co. and Copford Capital Management LLC, to secure the acquisition financing through Credit Suisse.
Newly delivered in 2022, the Four Seasons Hotel Nashville is a 40-story, full-service luxury hotel with 235 keys, including 42 suites. The art- and light-filled hotel features a restaurant led by a Michelin-distinguished chef, unique bar concept, a full-service spa and resort-style pool deck, modern event spaces and much more.
The hotel is situated on a 1.47-acre site at 100 Demonbreun St. in the booming South Broadway area of downtown Nashville, and is connected to the Shelby Avenue pedestrian bridge, which leads directly to Nissan Stadium, home of the Tennessee Titans. In addition, the Four Seasons Hotel Nashville is adjacent to Riverfront Park and the Cumberland River, and just minutes from Music City Center and Broadway Street, Nashville’s most famous entertainment and tourist destination.
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Eric Tupler, Executive Vice President Jeff Bucaro, Senior Managing Director Brian Dawson and America’s CEO of JLL Hotels & Hospitality Group Kevin Davis.
“Nashville hosted a 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 truly five-star luxury hotel.”
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About GD Holdings and Stonebridge Companies
The sponsorship has significant direct investments in distinct hotel real estate, bringing unparalleled expertise to the hotel. GD Holdings, led by hotelier Salomon Marcos, has extensive experience in the luxury hospitality space evidenced by its investment in other Four Seasons Hotels and Resorts, The Ritz-Carlton and The St. Regis Hotels & Resorts. Stonebridge Development Co. and Copford Capital Management LLC are led by hotelier Navin Dimond. Collectively, the sponsorship brings dynamic and capable experience to the Four Seasons Nashville.