Four Seasons Nashville Lands $360M in Financing
- Apr 22, 2019
Plans for the development of the 232-key Four Seasons Hotel and Private Residences Nashville move forward with the help of HFF. Acting on behalf of developers The Congress Group Inc. and AECOM Capital, the brokerage firm arranged $360 million in debt and equity financing for the mixed-use project.
The Four Seasons Nashville will sit along the Cumberland River at 151 First Ave. S. in downtown Nashville’s booming SoBro area, offering five-star hotel accommodations and luxury for-sale residential units. The LEED Gold-designed property will also feature 10,000 square feet of retail space and a 368-space parking facility. HFF found a warm reception in its pursuit of financing for the 40-story high-rise, which will be the first Four Seasons in Tennessee. Construction of the Four Seasons Nashville is on schedule to commence in the second quarter of 2019, with AECOM Hunt serving as general contractor.
“This transaction garnered strong interest from both lenders and equity investors due to the strength of the sponsorship and their vision for a world-class, luxury development on the best site in Nashville,” Riaz Cassum, senior managing director with HFF, said in a prepared statement. HFF’s Danny Kaufman, Robyn King, Andrew Gray and Mary Dooley joined Cassum in representing Congress and AECOM on the financing transaction.
HFF has not disclosed the identity of the debt and equity sources. However, in March, news emerged that Congress and AECOM had obtained a $280 million construction loan for the project.
HFF is no stranger to securing financing for Four Seasons projects. The firm orchestrated a $290 million construction loan for The Surf Club Four Seasons Private Residences and Four Seasons Hotel in Surfside, Fla., in 2014, and landed $239 million in construction financing for the Four Seasons Private Residences Los Angeles in 2017. And in on one of its larger deals, HFF arranged construction financing and joint venture equity totaling $680 million for the Four Seasons Hotel & Private Residences One Dalton Street in Boston back in 2015.