{"id":1004344550,"date":"2019-08-07T07:23:31","date_gmt":"2019-08-07T15:23:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004344550"},"modified":"2019-08-08T07:21:12","modified_gmt":"2019-08-08T15:21:12","slug":"nakash-jv-buys-nashville-hotel-for-102m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/","title":{"rendered":"Nakash JV Buys Nashville Hotel for $102M"},"content":{"rendered":"
\"\"<\/a>

Hampton Inn & Suites Downtown Nashville. Image via Google Maps<\/i><\/p><\/div>\n

A partnership between The LCP Group and SEDCO Capital has sold the Hampton Inn & Suites Downtown Nashville, a 207-key hotel in the Music City\u2019s urban core, for $101.5 million, according to public records. The buyer, a joint venture between Nakash Holdings, Douglas Development and Triangle Capital Group, secured $89.5 million in acquisition financing through one loan from Midland National Life Insurance Co. and two from Wells Fargo.<\/p>\n

The sale is the latest in a string of major hospitality acquisitions<\/a> this year in the metro, as the city\u2019s tourism industry continues to thrive. In 2018, the Nashville Convention & Visitors Corp. estimated a record-breaking 15.2 million tourists came to the area.<\/p>\n

The Hampton Inn, located at 310 Fourth Ave. S., is one block from both the Music City Center and the Country Music Hall of Fame and Museum. A large number of hotels are in the immediate area, with some recently trading for record-high prices: In January, the nearby Hilton Garden Inn sold for a staggering $125 million<\/a>.<\/p>\n

The Hampton last changed hands in early 2016 for $58.2 million. Shortly after the sale, LCP and SEDCO Capital embarked on a renovation and expansion project which added 53 guestrooms to the asset. Hotel amenities include a business center, 2,500 square feet of meeting space and a fitness center.<\/p>\n","protected":false},"excerpt":{"rendered":"

The buyer of the 207-key Hampton Inn & Suites financed the acquisition with three loans.<\/p>\n","protected":false},"author":861,"featured_media":1004344568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21751,21783,13,36077,21742],"tags":[35578,32805,37711,33277],"class_list":["post-1004344550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-hotel","category-investment","category-midwest","category-nashville-knoxville","category-latest","tag-douglas-development-corporation","tag-hilton","tag-triangle-capital-group","tag-wells-fargo"],"acf":[],"yoast_head":"\nNakash JV Buys Nashville Hotel for $102M - 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\/nakash-jv-buys-nashville-hotel-for-102m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nakash JV Buys Nashville Hotel for $102M\" \/>\n<meta property=\"og:description\" content=\"The buyer of the 207-key Hampton Inn & Suites financed the acquisition with three loans.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/\" \/>\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=\"2019-08-07T15:23:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-08T15:21:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Hampton-Inn-Suites-Downtown-Nashville.-Image-via-Google-Maps.jpg\" \/>\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\/jpeg\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/\",\"name\":\"Nakash JV Buys Nashville Hotel for $102M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Hampton-Inn-Suites-Downtown-Nashville.-Image-via-Google-Maps.jpg\",\"datePublished\":\"2019-08-07T15:23:31+00:00\",\"dateModified\":\"2019-08-08T15:21:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Hampton-Inn-Suites-Downtown-Nashville.-Image-via-Google-Maps.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Hampton-Inn-Suites-Downtown-Nashville.-Image-via-Google-Maps.jpg\",\"width\":800,\"height\":620,\"caption\":\"Hampton Inn & Suites Downtown Nashville. Image via Google Maps\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nakash JV Buys Nashville Hotel for $102M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4\",\"name\":\"Jeff Hamann\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96\",\"caption\":\"Jeff Hamann\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jeffh\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nakash JV Buys Nashville Hotel for $102M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/","og_locale":"en_US","og_type":"article","og_title":"Nakash JV Buys Nashville Hotel for $102M","og_description":"The buyer of the 207-key Hampton Inn & Suites financed the acquisition with three loans.","og_url":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-08-07T15:23:31+00:00","article_modified_time":"2019-08-08T15:21:12+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Hampton-Inn-Suites-Downtown-Nashville.-Image-via-Google-Maps.jpg","type":"image\/jpeg"}],"author":"Jeff Hamann","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/","url":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/","name":"Nakash JV Buys Nashville Hotel for $102M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Hampton-Inn-Suites-Downtown-Nashville.-Image-via-Google-Maps.jpg","datePublished":"2019-08-07T15:23:31+00:00","dateModified":"2019-08-08T15:21:12+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Hampton-Inn-Suites-Downtown-Nashville.-Image-via-Google-Maps.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Hampton-Inn-Suites-Downtown-Nashville.-Image-via-Google-Maps.jpg","width":800,"height":620,"caption":"Hampton Inn & Suites Downtown Nashville. Image via Google Maps"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/nakash-jv-buys-nashville-hotel-for-102m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Nakash JV Buys Nashville Hotel for $102M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4","name":"Jeff Hamann","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96","caption":"Jeff Hamann"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/jeffh\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Hampton-Inn-Suites-Downtown-Nashville.-Image-via-Google-Maps.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004344550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/861"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004344550"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004344550\/revisions"}],"predecessor-version":[{"id":1004344928,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004344550\/revisions\/1004344928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004344568"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004344550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004344550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004344550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}