Four Seasons Hotel and Private Residences project in Nashville gets $360m financing

WCN Editorial Team 22 Apr 2019 NORTH AMERICA BUILDINGS

US-based Congress Group and AECOM Capital have secured $360m in debt and equity financing for the development of the Four Seasons Hotel and Private Residences Nashville, a mixed-use hotel and for-sale residential project in Nashville, Tennessee.

The project is planned to be built at 151 First Avenue South in downtown Nashville.

Construction of the hotel and the for-sale residential units, which will be branded and operated by Four Seasons Hotels and Resorts, is scheduled to commence in the second quarter of 2019 and will be led by AECOM Hunt.

Four Seasons Hotels and Resorts global business development and portfolio management executive vice president earlier Bart Carnahan said: "Together with our partners at Congress Group and AECOM Capital, we are creating a world-class property, in one of the best locations in the city."

Holliday Fenoglio Fowler (HFF) has arranged the debt and equity for the exclusive mixed-use development, which will include 232 five-star hotel rooms, luxury for-sale residential units, approximately 10,000ft2 of retail space and a 368-space parking garage as well as an array of fitness amenities.

The residences at the Four Seasons Hotel and Private Residences Nashville will feature floor-to-ceiling windows with views of downtown Nashville, and open-concept living areas.

Congress Group president Dean Stratouly earlier said: "This will be one of the most iconic high-rise buildings in the state of Tennessee.

"Delivered as LEED Gold and standing 542 feet tall, it will be one of the state's greenest and tallest residential buildings. We'd like to thank the many public and private partners that have aided us in moving forward this generational vision which will redefine the skyline and what is possible in Nashville."

The residents at the development will have easy access to Lower Broadway and Second Avenue, which is claimed to serve as home to the city’s live music venues, restaurants and nightlife, including the Nashville Music City Center.

HFF senior managing director Riaz Cassum said: “The arrival of Four Seasons to Nashville speaks volumes to the attractiveness of the city as a destination for both leisure and business as well as one of the most desirable places to live in the country.”

Image: Illustration of the Four Seasons Hotel and Private Residences Nashville project. Photo: courtesy of AECOM.

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