{"id":1004400056,"date":"2020-03-16T00:08:07","date_gmt":"2020-03-16T08:08:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004400056"},"modified":"2020-03-16T00:08:07","modified_gmt":"2020-03-16T08:08:07","slug":"noble-investment-pays-58m-for-nashville-hyatt","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/noble-investment-pays-58m-for-nashville-hyatt\/","title":{"rendered":"Noble Investment Pays $58M for Nashville Hyatt"},"content":{"rendered":"
\"\"<\/a>

Hyatt House Nashville\/Downtown – SoBro. Image courtesy of Hyatt Hotels Corp.<\/i><\/p><\/div>\n

Mountain Shore Properties has sold Hyatt House Nashville\/Downtown-SoBro, a 217-key hotel in Nashville, Tenn., for $57.8 million, according to public records. The buyer, Noble Investment Group, took $52.1 million in acquisition financing from Truist Bank to close the deal. The hospitality property opened its doors in February, more than two years after breaking ground in late 2017.<\/p>\n

Located at 535 Fifth Ave. S., the six-story hotel is within Nashville\u2019s SoBro district, 1 mile southeast of the Capitol and two blocks from both the Music City Center and the Country Music Hall of Fame. The asset is within 1 mile of nearly 10.5 million square feet of completed office space, according to data from Yardi Matrix.<\/p>\n

The Hyatt House property has a mix of standard guestrooms and 134 suites, ranging from 300 to 1,214 square feet. Guest amenities include a 24-hour fitness center, an indoor swimming pool, complimentary Wi-Fi, a business center and a bar.<\/p>\n

Nashville has positioned itself as a major tourism and business hub in recent years, driving hotel development<\/a> to cope with growing demand. Mountain Shore\u2019s sale comes amidst growing uncertainty in the hospitality sector<\/a> due to the new coronavirus, however. A report from Marcus & Millichap predicts that the sector will see immediate and major impacts nationwide as business travel, tourism and conferences all scale back.<\/p>\n","protected":false},"excerpt":{"rendered":"

Truist Bank provided $52.1 million in acquisition financing for the newly opened hospitality asset.<\/p>\n","protected":false},"author":861,"featured_media":1004400059,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,36077,21742],"tags":[33185,34546,48350],"class_list":["post-1004400056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-nashville-knoxville","category-latest","tag-hyatt","tag-noble-investment-group","tag-truist-financial-corp"],"acf":[],"yoast_head":"\nNoble Investment Pays $58M for Nashville Hyatt - 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\/noble-investment-pays-58m-for-nashville-hyatt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Noble Investment Pays $58M for Nashville Hyatt\" \/>\n<meta property=\"og:description\" content=\"Truist Bank provided $52.1 million in acquisition financing for the newly opened hospitality asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/noble-investment-pays-58m-for-nashville-hyatt\/\" \/>\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=\"2020-03-16T08:08:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Hyatt-House-Nashville-Downtown-SoBro-e1584345378629.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"739\" \/>\n\t<meta property=\"og:image:height\" content=\"573\" \/>\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\/noble-investment-pays-58m-for-nashville-hyatt\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/noble-investment-pays-58m-for-nashville-hyatt\/\",\"name\":\"Noble Investment Pays $58M for Nashville Hyatt - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/noble-investment-pays-58m-for-nashville-hyatt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/noble-investment-pays-58m-for-nashville-hyatt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Hyatt-House-Nashville-Downtown-SoBro-e1584345378629.jpg\",\"datePublished\":\"2020-03-16T08:08:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/noble-investment-pays-58m-for-nashville-hyatt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/noble-investment-pays-58m-for-nashville-hyatt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/noble-investment-pays-58m-for-nashville-hyatt\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Hyatt-House-Nashville-Downtown-SoBro-e1584345378629.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Hyatt-House-Nashville-Downtown-SoBro-e1584345378629.jpg\",\"width\":739,\"height\":573,\"caption\":\"Hyatt House Nashville\/Downtown - SoBro. 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