18-story, 300-room Pace and Homewood Suites by means of Hilton to upward thrust on key gateway website online adjoining to Oracle’s new global headquarters and Nissan Stadium
Driftwood Capital, a vertically built-in industrial actual property company and hospitality sponsor, has delivered a most popular fairness funding for the improvement of a brand new 18-story, 300-room dual-branded Hilton lodge in Nashville’s fast-growing East Financial institution district.
Positioned at 100 Spring Side road, the brand new Pace and Homewood Suites by means of Hilton will upward thrust on a pivotal gateway website online close to Oracle’s long term headquarters and the brand new Nissan Stadium. Driftwood’s involvement contains no longer best most popular fairness financing, but in addition full-scale building oversight thru Driftwood Building Services and products. Upon finishing touch, long-term operations control will likely be overseen by means of Driftwood Hospitality Control.
The lodge is being evolved by means of 100 Spring Side road Lodge, a three way partnership between Nashville-based Skyline Hospitality and Patrick Culligan, at the side of Tampa-based Sonari Capital Companions, Inc.
“The Nashville hospitality marketplace continues to show spectacular enlargement and resilience, specifically sooner or later East Financial institution district, which is poised to turn into a colourful epicenter anchored by means of Oracle’s coming near near headquarters. Driftwood Capital is uniquely located thru our vertically built-in type to beef up high-impact initiatives just like the dual-branded Pace and Homewood Suites lodge at 100 Spring Side road,” stated Pranav R. Bhakta, Senior Vice President, Company Trade Building of Driftwood Capital. “Our in-house functions let us ship complete third-party building services and products, lodge control experience by the use of Driftwood Hospitality Control (“DHM”), and structurally versatile financing answers equivalent to most popular fairness, offering ingenious, turnkey answers that distinguish us from conventional hospitality funding managers.”
The mission will come with roughly 10,000 sq. ft of assembly house, meals and beverage choices, and a rooftop element overlooking Downtown Nashville.
“We’re excited to spouse with Driftwood Capital throughout funding, building, and control to carry the Pace and Homewood Suites by means of Hilton dual-brand lodge to lifestyles within the middle of Nashville’s East Financial institution,” stated Jaimin Patel, Managing Most important of Sonari Capital Companions. “We’re assured this mission will ship a top of the range hospitality revel in that aligns with the dynamic enlargement of the encompassing district, together with Oracle’s headquarters and the brand new Nissan Stadium.”
Positioned in Nashville’s East Financial institution, the dual-branded Pace and Homewood Suites lodge is strategically located in shut proximity to key locations and transit routes. The Tennessee State Capitol and Nissan Stadium are roughly 5 mins from the valuables, with Oracle’s $1.35 billion campus deliberate close by. The lodge is adjoining to Interstate 24, providing fast get right of entry to to native sights and establishments, together with Tune Town Heart, Bridgestone Enviornment, and the Broadway Leisure District, all inside of a temporary distance from the lodge.
About Driftwood Capital
Driftwood Capital is without doubt one of the nation’s main hospitality sponsors. A vertically built-in industrial actual property company with funding, building, lending and control platforms, Driftwood’s distinctive industry type supplies accepted buyers (as outlined in Rule 501 underneath Legislation D) get right of entry to to institutional-quality lodge property or capital answers on a right away deal foundation following deal final. Since 2015, Driftwood Capital and its principals and associates have transacted on greater than $5 billion in hospitality property, together with new ground-up lodge building initiatives, cash-flowing accommodations and hotel-backed loans. Driftwood’s in-house group oversees deal sourcing, underwriting, financing, asset control, operations, building and criminal problems. For more info, talk over with www.driftwoodcapital.com.
About 100 Spring Side road Lodge
100 Spring Side road Lodge, a three way partnership between Nashville-based Skyline Hospitality and Patrick Culligan, at the side of Tampa-based Sonari Capital Companions, Inc.
Skyline Hospitality is a privately held actual property funding and building corporate founded in Nashville, Tennessee.
Sonari Capital Companions is a principal-led actual property personal fairness funding residence focusing on accommodations that makes use of versatile capital and funding constructions to ship differentiated alternatives and returns. We make investments with conviction round topics and construct and arrange platforms with an owner-operator mindset. For more info, talk over with www.sonaricap.com
