KSL, Madison Realty Capital Deploy $400M for Nashville Hotel-Condo Project
Commercial Observer reported that Madison Realty Capital has provided a $265 million senior construction loan and KSL Capital supplied mezzanine debt through Tidal’s Flank GP Fund I to build The Nashville Edition Hotel & Residences in the city’s Gulch neighborhood. Tidal is developing the 261-room hotel project, which also includes 84 condos, in partnership with Left Lane Development and in collaboration with Marriott International. Condos at The Nashville Edition will range from one- to four-bedrooms with prices starting at $1.65 million Forbes reported in June. Community amenities will include a fitness center, a golf simulator and multiple lounge areas.