Tuesday, May 23, 2017

HFF secures $40.7 million construction financing for Hyatt House hotel in Nashville, TN

Ed Coco
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $40.7 million in construction financing for the development of a new 201-room, 15-story Hyatt House hotel in Nashville’s West End area. 

HFF worked on behalf of the developer, a joint venture between Atlanta-based Songy Highroads LLC and a Hyatt affiliate, to place the construction loan with Citizens Bank.

The new Hyatt House Nashville West End will be a midrise extended-stay hotel featuring full kitchen suites in select rooms, lobby lounge and H Bar, outdoor patio with fire pit and grills, complimentary Morning Spread breakfast, evening happy hour, 24-hour fitness center, outdoor pool with pool deck, meeting space and more.

 The hotel is expected to be completed in early 2019.  Situated on .62 acres at 21st Avenue North and Hayes Street, the hotel’s West End location places it in close proximity to Vanderbilt University, Vanderbilt University Medical Center and Children’s Hospital, Belmont University, St. Thomas Hospital and Tri-Star Centennial Medical Center.

The HFF debt placement team representing the developer was led by senior managing director Ed Coco and associate Matt Casey.

“This Hyatt House project is ideally located squarely in the heart of the West End’s largest demand drivers,” said Coco.  “Fundamentals for the extended-stay product continue to flourish in this incredibly strong submarket, and the collaboration between Songy Highroads and Hyatt will develop a best-in-class project to service this stable and growing demand.” 

    For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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