Goldman Sachs, Lionheart Provide $133M for Nashville W Hotel Development
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Goldman Sachs and Lionheart Strategic Management provided senior and mezzanine financing totaling $133 million for the ground-up construction of a W-branded hotel in Nashville, TN. The 346-key hotel is being developed by a partnership of Magellan Development, Corner Partnership and Hospitality Gaming Advisors.
The 16-story property is located on 1.3 acres on 12th Avenue South in the dynamic urban Gulch neighborhood, which is emerging as a popular live, work, walk experience. The upscale Marriott-branded hotel is anticipated to open in 2020.
Lionheart Strategic Management’s Winston Fisher says, “The new W Hotel will be a great addition to the Gulch, one of the most vibrant and sought-after neighborhoods in Nashville, and we are pleased to play a role in its development.”
The senior mortgage and mezzanine financing will have co-terminus initial terms of three years.
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
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