Embassy Suites by Hilton Nashville Airport Receives $57 Million Financing

Smith Hill Capital, the fully integrated industrial valid property debt investment management business of the Procaccianti Firms, and Bain Capital’s Particular Scenarios team the previous day announced the firms’ joint challenge originated a first mortgage financing for the Embassy Suites by Hilton Nashville Airport. The first mortgage has a total readily available steadiness of $57 million.

The 305-key property is properly-situated and maintains shut proximity to Nashville World Airport, a 15-minute pressure to downtown Nashville, and One Century Set apart Convention Middle. Facilities at the hotel encompass an airport shuttle, properly being center, business center, indoor pool, complimentary night reception, and over 6,000 square feet of assembly web site.

“Despite risky market prerequisites, our platform continues to make capital alternate choices for hospitality owners and their resources,” stated Brendan McCormick, Managing Principal, Smith Hill Capital. “The Embassy Suites by Hilton Nashville Airport is a excessive-quality asset with strong sponsorship that aligns very properly with our purpose of offering loans to institutional quality sponsors. It used to be a pleasure working with the teams at Affinius Capital and Westmont Hospitality and their advisors at Eastdil Secured on this financing.”

Smith Hill and Bain Capital’s joint challenge is focusing on serving the financing wishes of hospitality firms and resources in count on-pushed markets across the U.S. The partnership combines decades of business and capital markets abilities with a extremely stunning market opportunity.