Tidal Real Estate Lands $371M Financing for Nashville Hotel, Residences
Tidal Real Estate Partners secured $371 million in financing, enabling them to fund construction of The Nashville EDITION Hotel & Residences, a 28-story hotel and residential tower featuring 261 hotel rooms and 84 residences. The capital was provided by Madison Realty Capital and KSL Capital Partners.
The property will include restaurant and bar concepts, multiple floors of amenities, and fully separate hotel and residential lobbies and gyms. Shared offerings will include a spa, golf simulator, 8,300 square feet of combined ballroom and pre-function space, conference rooms, and a rooftop pool and bar with cabanas and skyline views of downtown Nashville.
Walker & Dunlop Capital Markets Institutional Advisory, partnering closely with the Walker & Dunlop Hospitality Team arranged the transaction for Tidal Real Estate Partners. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Ari Hirt, and Michael Ianno of the Capital Markets team and Jay Morrow, Carter Gradwell, and Jack Hughes of the Hospitality team arranged the loan for Madison and KSL.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout