Hotel Preston

Location: Nashville, TN
Type: Hospitality
Price: $ 5,200,000

SMC is underwriting a $5,200,000 first mortgage to refinance the property’s $4,000,000 existing debt. Hotel Preston is an 11-story, 196-room, full service boutique hotel offering a restaurant and bar/lounge, 7,408 SF of meeting space, a fully equipped fitness center and outdoor pool, a well-appointed lobby lounge area, and on-site surface parking for 200 cars. The property is highly visible from I-40 (approximately 120,000 cars per day), a major east-west highway in the area, and is just west of the Nashville International Airport (BNA).