Yahoo Finance HFF arranges financing for Omni Nashville Hotel
DALLAS, TX - March 30, 2015 - HFF announced today that it has arranged permanent financing for the Omni Nashville Hotel, an 800-key, LEED Silver-certified, luxury hotel located across from the Music City Center in downtown Nashville, Tennessee.
HFF worked on behalf of the borrower, TRT Holdings, to secure the fixed-rate loan through Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc.
Built in 2013, the Omni Nashville is located at 250 Fifth Avenue between Demonbreun Street and Korean Veterans Boulevard. The hotel is situated across from the Music City Center, a 1.2-million-square-foot convention facility, and is connected to the Country Music Hall of Fame and Museum. It also places guests one block from the Broadway entertainment district, Broadstone Arena and the iconic Ryman Auditorium performing arts venue. The hotel features the full-service, 5,500-square-foot Mokara Spa; rooftop swimming pool; whirlpool with a lounge deck and cabanas; business center; views of downtown Nashville; 80,000 square feet of meeting space; 49,000 square feet of pre-function space and a variety of dining options, including Bob`s Steak & Chop House, Kitchen Notes and sports bar Barlines.
The HFF team was led by senior managing director Whitaker Johnson, director Jim Curtin and real estate analyst Sarah Baccich.
TRT Holdings is a privately-owned, diversified holding company located in Dallas, Texas. Assets include Omni Hotels & Resorts, Gold`s Gym International, Tana Exploration and numerous investments in public companies and various real estate ventures. Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with more than $84.7 billion in assets under management and administration as of December 31, 2014. Leveraging a 135-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS®, Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Conduit; Prudential`s general account and proprietary balance sheet program; and other institutional investors. The company maintains a loan servicing portfolio of approximately $81.3 billion, as of December 31 2014. For more information, please visit www.prumortgagecapital.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
CONTACTS:
JIM CURTIN HFF Director (214) 265-0880 jcurtin@hfflp.com
WHITAKER JOHNSON HFF Senior Managing Director (214) 265-0880 wjohnson@hfflp.com
KRISTEN MURPHY HFF Associate Director, Marketing (617) 338-0990 krmurphy@hfflp.com
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: HFF, Inc. via GlobeNewswire
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