NASHVILLE, Tenn. - Tennsun -- Mesa West Capital has provided a joint venture of Reade Hotel Capital and an affiliate of Westport Capital Partners with $45.36 million in first mortgage debt for the acquisition of a 208-room Embassy Suites hotel in Nashville, TN.

The hotel is located at 1811 Broadway in the West End pocket of Nashville adjacent to Music Row and just west of Downtown.  Given its prime location, just a few blocks east of Vanderbilt University's Campus and walking distance to the city's famous Lower Broadway, noted for its iconic honky-tonks and music venues as well Bridgestone Arena, Music City Convention Center and Nashville Yards, the hotel has maintained a stabilized occupancy post pandemic catering to both business and leisure travelers.

A portion of Mesa West's financing will be used to fund a multi-million-dollar capital improvement program to the 11-story hotel, which has received minimal upgrades since it was last sold in 2015. The owners plan to complete a renovation of all guest rooms, corridors and common areas as well as improve and increase meeting space to nearly 4,100 square feet in order to capture a greater share of group and business travel. Additionally, future growth and demand drivers are expected to support the investment driven by significant projects such as MidCity Nashville, the new Nissan Stadium and the Oracle campus development.

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"This was an opportunity to provide financing for a cash-flowing asset backed by an experienced Sponsorship group, with sufficient capital allocated for necessary renovations – strategically positioning the property to take advantage of Nashville's strong hospitality demand," said Mesa West Capital Executive Director Russell Frahm, who led the origination team that included Vice President Brian Hahn and Associate Boyd Howard out of the private lender's New York City office.

The financing was arranged by Rob Turner, Adam Licari and Auston Ingram of Eastdil Secured's New York office.

About Mesa West Capital, LLC
Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender. With offices in Los Angeles, New York, Chicago and San Francisco, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add or transitional properties throughout the United States. Mesa West's lending portfolio includes all major property types with loan sizes ranging from $20 million up to $400 million. Since inception, the firm has sourced and closed more than 450 transactions totaling over $28 billion.

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