Nashville Hyatt Hotel Gets $41M Citizens Bank Construction Loan
- May 25, 2017
Citizens Bank announced that it provided a $41 million loan to a joint venture between Atlanta-based Songy Highroads LLC and an affiliate of Chicago-based Hyatt Hotels Corp. for the construction of a new 201-key, 15-story Hyatt House hotel in Nashville, Tenn.
Located at the northwest corner of 21st Avenue and Hayes Street, the hotel will be within a 12-minute walk from Vanderbilt University and half a mile from the Centennial Sportsplex. The site was previously occupied by 21st Plaza, a medical office building, and a parking structure. The new Hyatt House hotel will feature below-grade parking as well as three levels of parking above the lobby. The hotel includes a swimming pool and an event bar.
Construction of the Hyatt House hotel in Nashville, Tenn., will start in June, with its opening slated for 2019.
Image courtesy of Songy Highroads