Nashville – February 7, 2024 – As unique advisor, RobertDouglas introduced at the moment that it efficiently refinanced Chartwell Hospitality’s Hilton Franklin Cool Springs in Franklin, TN, certainly one of Nashville’s most outstanding submarkets. RobertDouglas secured roughly $38,000,0000 of short-term, fixed-rate financing at extremely enticing pricing from an institutional, steadiness sheet lender.
“mentioned RobertDouglas Principal and Managing Director Evan Hurd. “It’s no shock that coupled with wonderful Sponsorship, in-place cashflow, and market fundamentals, we attracted proposals from a number of the strongest lenders within the nation. After contemplating suggestions from practically twenty teams, we in the end selected a repeat lender who was in a position to present optimum prepayment flexibility to our consumer.”
Developed by Chartwell Hospitality in 2018, the 244-key, 7-story lodge is constructed to a top quality that far exceeds the Hilton model commonplace – a Chartwell improvement trademark. The Lodge options an expansive foyer with floor-to-ceiling home windows and is the premier Lodge within the extremely prosperous Cool Springs Enterprise District. The Lodge is simply 12 minutes from downtown Franklin, 21 minutes from downtown Nashville, and half-hour from Nashville Worldwide Airport (BNA).
“With the lodge being in Chartwell’s yard and one of many main properties of their portfolio, we couldn’t be happier with the outcomes. This can be a best-in-class asset and the competitors we had from a number of the high lenders out there spoke to that,” mentioned RobertDouglas Managing Director Matthew Dower.
About RobertDouglas
RobertDouglas is an actual property funding banking agency with places of work in New York, Los Angeles, San Francisco, Chicago, and Nashville that focuses on the sale, financing, and fairness capitalization of lodge, resort, and gaming properties all through North America. Based in 2013 and led by its 4 companions, Rob Stiles, Doug Hercher, Stephen O’Connor, and Evan Hurd, RobertDouglas gives entry to distinctive home and worldwide institutional investor and lender relationships because it combines the capital markets sophistication of top-tier funding banks with diligent lodge underwriting and confirmed asset administration expertise. For added details about RobertDouglas, go to https://www.robert-douglas.com.
Chartwell Hospitality
Chartwell Hospitality is a completely built-in actual property firm based mostly in Nashville, Tennessee, specializing within the acquisition, improvement, and administration of high-quality, branded, limited- and full-service motels. Based in 2003, Chartwell persistently surpasses competitors in occupancy and market charges. Merely, our mission is to be the perfect within the enterprise. For extra info, go to www.chartwellhospitality.com.
