{"id":1004297207,"date":"2019-02-07T03:17:39","date_gmt":"2019-02-07T11:17:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004297207"},"modified":"2021-05-15T03:55:20","modified_gmt":"2021-05-15T11:55:20","slug":"nashville-hotel-development-lands-29m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nashville-hotel-development-lands-29m-loan\/","title":{"rendered":"Nashville Hotel Development Lands $29M Loan"},"content":{"rendered":"<div id=\"attachment_1004297219\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Staybridge-Suites-project-site.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004297219\" data-attachment-id=\"1004297219\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nashville-hotel-development-lands-29m-loan\/staybridge-suites-project-site\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Staybridge-Suites-project-site.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Staybridge Suites project site\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Staybridge Suites project site&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Staybridge-Suites-project-site.png?w=800\" loading=\"lazy\" class=\"wp-image-1004297219 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Staybridge-Suites-project-site.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Staybridge-Suites-project-site.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Staybridge-Suites-project-site.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Staybridge-Suites-project-site.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004297219\" class=\"wp-caption-text\">Staybridge Suites project site<\/p><\/div>\n<p>Tharaldson Hospitality Management has secured $28.9 million in construction financing from U.S. Bank for the development of a 163-key Staybridge Suites in Nashville, Tenn., according to Davidson County records. Work began on the site in summer 2018. The full project timeline is estimated at 15 months, per the <em>Nashville Post<\/em>.<\/p>\n<p>The developer acquired the 1.6-acre parcel, located at 350 21st Ave., in March 2016 from the Nashville government for $5.5 million. Previously, the site was home to a fire station which shuttered prior to the property changing hands. About a mile from downtown, the future hotel will be within a five-minute walk from both Saint Thomas Midtown Hospital and TriStar Centennial Medical Center. Additionally, a wide variety of retailers operate a short distance from the development.<\/p>\n<p>As strong population growth and corporate relocations continue to boost the Nashville metro, the hospitality sector is thriving. Several&nbsp;high-dollar transactions closed over the past month, including AVR Realty\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/nashville-hotel-trades-for-125m\/\">$125 million acquisition of the Hilton Garden Inn<\/a> in the city center.<\/p>\n<p><em>Image via Google Earth<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tharaldson Hospitality Management&#8217;s Staybridge Suites will include 163 guestrooms. The project kicked off last summer, following the demolition of a fire station.<\/p>\n","protected":false},"author":861,"featured_media":1004297219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21751,13,36077,21742],"tags":[32848,35539],"class_list":["post-1004297207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-hotel","category-midwest","category-nashville-knoxville","category-latest","tag-intercontinental-hotels-group","tag-tharaldson-hospitality-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nashville Hotel Development Lands $29M Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nashville-hotel-development-lands-29m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nashville Hotel Development Lands $29M Loan\" \/>\n<meta property=\"og:description\" content=\"Tharaldson Hospitality Management&#039;s Staybridge Suites will include 163 guestrooms. The project kicked off last summer, following the demolition of a fire station.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nashville-hotel-development-lands-29m-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-07T11:17:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T11:55:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Staybridge-Suites-project-site.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nashville-hotel-development-lands-29m-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nashville-hotel-development-lands-29m-loan\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"Nashville Hotel Development Lands $29M Loan\",\"datePublished\":\"2019-02-07T11:17:39+00:00\",\"dateModified\":\"2021-05-15T11:55:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nashville-hotel-development-lands-29m-loan\\\/\"},\"wordCount\":184,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nashville-hotel-development-lands-29m-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/02\\\/Staybridge-Suites-project-site.png\",\"keywords\":[\"InterContinental Hotels Group\",\"Tharaldson Hospitality Management\"],\"articleSection\":[\"Development\",\"Finance\",\"Hotel\",\"Midwest\",\"Nashville - 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