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| 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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