RobertDouglas Secures Financing for Chartwell Hospitality’s Hilton Franklin (TN) Cool Springs
Nashville – As exclusive advisor, RobertDouglas announced today that it successfully refinanced Chartwell Hospitality’s Hilton Franklin Cool Springs in Franklin, TN, one of Nashville’s most prominent submarkets. RobertDouglas secured roughly $38,000,0000 of short-term, fixed-rate financing at highly attractive pricing from an institutional, balance sheet lender.
Nashville, and Franklin in particular, has some of the most financeable Hotels in the southeast and overall United States, with the Hilton Franklin Cool Springs being a prime example. It is no surprise that coupled with excellent Sponsorship, in-place cashflow, and market fundamentals, we attracted proposals from some of the strongest lenders in the country. After considering feedback from nearly twenty groups, we ultimately chose a repeat lender who was able to provide optimal prepayment flexibility to our client. RobertDouglas Principal and Managing Director Evan Hurd
Developed by Chartwell Hospitality in 2018, the 244-key, 7-story hotel is built to a quality that far exceeds the Hilton brand standard – a Chartwell development trademark. The Hotel features an expansive lobby with floor-to-ceiling windows and is the premier Hotel in the highly affluent Cool Springs Business District. The Hotel is only 12 minutes from downtown Franklin, 21 minutes from downtown Nashville, and 30 minutes from Nashville International Airport (BNA).
With the hotel being in Chartwell’s backyard and one of the leading properties in their portfolio, we couldn’t be happier with the results. This is a best-in-class asset and the competition we had from some of the top lenders in the market spoke to that. RobertDouglas Managing Director Matthew Dower
About RobertDouglas
RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles, San Francisco, Chicago, and Nashville that specializes in the sale, financing, and equity capitalization of hotel, resort, and gaming properties throughout North America. Founded in 2013 and led by its four partners, Rob Stiles, Doug Hercher, Stephen O'Connor, and Evan Hurd, RobertDouglas offers access to exceptional domestic and international institutional investor and lender relationships as it combines the capital markets sophistication of top-tier investment banks with diligent hotel underwriting and proven asset management experience. For additional information about RobertDouglas, visit https://www.robert-douglas.com.
Chartwell Hospitality
Chartwell Hospitality is a fully integrated real estate company based in Nashville, Tennessee, specializing in the acquisition, development, and management of high-quality, branded, limited- and full-service hotels. Founded in 2003, Chartwell consistently surpasses competition in occupancy and market rates. Simply, our mission is to be the best in the business. For more information, visit www.chartwellhospitality.com.