HFF Arranges $360M in Debt and Equity for the Development of the Four Seasons Hotel and Private Residences Nashville

Apr 18, 2019 04:17 pm
BOSTON -- 

Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged $360 million in debt and equity financing for the development of the Four Seasons Hotel and Private Residences Nashville, a luxury mixed-use hotel and for-sale residential project in downtown Nashville, Tennessee. Both the hotel and the for-sale residential units will be branded and operated by Four Seasons Hotels and Resorts.

HFF worked on behalf of the developers, The Congress Group, Inc. and AECOM Capital.

Located at 151 First Avenue South, the exclusive mixed-use development will include 232 five-star hotel rooms, luxury for-sale residential units, approximately 10,000 square feet of retail space and a 368-space parking garage. Residences will feature exquisite interior finishes, floor-to-ceiling windows with views of downtown Nashville, open-concept living areas alongside best-in-class amenities and luxury service that will redefine luxury living and exclusivity in Nashville. Construction will begin in second quarter 2019.

The project will overlook the Cumberland River as well as the adjacent Ascend Amphitheatre and is just across the John Seigenthaler pedestrian bridge from Nissan Stadium, home of the Tennessee Titans. Additionally, residents and guests will enjoy ease of access to Lower Broadway and Second Avenue, which serve as home to the city’s quintessential live music venues, restaurants and nightlife, including the Nashville Music City Center. The project is also less than a 15-minute drive from four out of the five top employers in Nashville, including Pinnacle Financial Partners and Bridgestone.

The HFF debt and equity placement team representing the developers consisted of senior managing directors Riaz Cassum and Danny Kaufman, senior associate Robyn King and associates Andrew Gray and Mary Dooley.

“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,” said Cassum. “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.”

About The Congress Group, Inc.

The Congress Group, Inc. (“Congress”) is a privately-held real estate development, construction, property/asset management and investment company. Founded in 1980, Congress has grown to be one of New England’s leading commercial real estate and development firms, with a presence along the Eastern Seaboard. Congress has been responsible for the design, development and construction of approximately eight million square feet of office, residential, retail, hotel and structured parking projects. It has made the reuse of complex central city sites a specialty, establishing new, high profile landmarks on underutilized spaces. A leader in value-added real estate developments, Congress has many notable projects, including 28 State Street and 33 Arch Street in Boston, Massachusetts.

About AECOM Capital

AECOM Capital is an investor and developer of real estate and other large-scale projects across North America and select international markets. Targeting high-quality, risk-adjusted investments, AECOM Capital leverages AECOM’s vast resources across all engineering, design and construction services for deal flow, due diligence, execution and project delivery. AECOM Capital has a total development value of over $4.5 billion across approximately 11 million square feet. As part of AECOM, a fully integrated global infrastructure firm, we connect knowledge and experience across a global network of experts to help clients solve their most complex challenges. A Fortune 500 firm, AECOM had revenue of approximately $20.2 billion during fiscal year 2018. See how we deliver what others can only imagine at www.aecomcapital.com.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

RIAZ CASSUM
HFF Senior Managing Director
(617) 338-0990
rcassum@hfflp.com

DANNY KAUFMAN
HFF Senior Managing Director
(312) 528-3650
dkaufman@hfflp.com

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com