We represented the developer in connection with approximately $100 million in financing for the Westin Nashville Hotel project. The financing consists of three facilities – a $68 million first mortgage construction loan from Bank of the Ozarks, a $24 million mezzanine loan from the Galaxy Fund Group and a $16 million TIF loan from Western Alliance through the Metropolitan Development and Housing Agency. The project will feature 27 floors; 454 rooms; 8,000 sq. ft. of restaurant space; 6,000 sq. ft. for a destination spa; and a rooftop bar, lounge and pool, all at a projected cost of $120 million. This project will create 650 jobs during construction and 375 permanent jobs once the hotel opens.
$100 Million in Financing for Westin Nashville Hotel Project
You Also May Be Interested In:
Represented TVV Capital portfolio company Big 3 Precision Products, Inc., a maker of turnkey packaging solutions, in its sale to The Eastern Company (Nasdaq: EML), a publicly traded diversified manufacturer, for $81.7 million
Cracker Barrel Acquires Interest in Punch Bowl Social from L Catterton, Agrees to Future Growth Financing
We represented Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) in its investment in Denver-based Punch Bowl Social, an award-wining experiential food and beverage concept.
We represented Twin River Worldwide Holdings, Inc. (NYSE: TRWH) in its definitive agreement to acquire the operations and real estate of Isle of Capri Casino and Lady Luck Casino from Eldorado Resorts, Inc. (Nasdaq: ERI), in a cash transaction for $230 million.