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Goldman Sachs, Lionheart Strategic Management Provide $133M Construction Financing for W Hotel in Nashville’s Gulch District

W-Hotel-Nashville-TN

Located in Nashville’s Gulch neighborhood, the W-branded hotel will feature 346 guest rooms. (Rendering credit: HKS Inc.)

NASHVILLE, TENN. — Goldman Sachs and Lionheart Strategic Management have provided senior and mezzanine financing totaling $133 million for the ground-up construction of a W-branded hotel in Nashville’s Gulch neighborhood. Magellan Development, Corner Partnership and Hospitality Gaming Advisors are developing the 346-room hotel.

The senior and mezzanine financing will have co-terminus initial terms of three years. The financing closed in mid-September.

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