October 5, 2018
Connect National Investment & Finance is just around the corner on October 18. You can find out more about the conference and register to join us on this link.
Goldman Sachs and Lionheart Strategic Management provided senior and mezzanine financing totaling $133 million for the ground-up construction of a W-branded hotel in Nashville, TN. The 346-key hotel is being developed by a partnership of Magellan Development, Corner Partnership and Hospitality Gaming Advisors.
The 16-story property is located on 1.3 acres on 12th Avenue South in the dynamic urban Gulch neighborhood, which is emerging as a popular live, work, walk experience. The upscale Marriott-branded hotel is anticipated to open in 2020.
Lionheart Strategic Management’s Winston Fisher says, “The new W Hotel will be a great addition to the Gulch, one of the most vibrant and sought-after neighborhoods in Nashville, and we are pleased to play a role in its development.”
The senior mortgage and mezzanine financing will have co-terminus initial terms of three years.
For comments, questions or concerns, please contact Dennis Kaiser