KSL, Madison Realty Capital Deploy $400M for Nashville Hotel-Condo Project

Tidal Real Estate Partners has landed $400 million of construction financing to build a hotel and condominium development in Nashville, Commercial Observer has learned.

Affiliates of KSL Capital Partners and Madison Realty Capital provided a $265 million construction loan 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. 

“Following our strong initial sales reception, this construction capitalization marks a major milestone that reflects the continued strength of Nashville’s luxury real estate and hospitality markets, as well as the confidence of our capital partners in the city’s long-term growth,” Mick Walsdorf, CEO of Tidal Real Estate Partners, said in a statement. 

Dan Rohan, partner and head of tactical opportunities at KSL, said in a statement that Nashville has emerged as “one of the most exciting luxury hospitality markets in the country” and that the project will be “a defining addition to that landscape.”

Condos at The Nashville Edition will range from one- to four-bedrooms with prices starting at $165,000, Forbes reported in June. Community amenities will include a fitness center, a golf simulator and multiple lounge areas.

“We are pleased to support Tidal Real Estate Partners in bringing the Edition brand to Nashville, a market that continues to see extraordinary growth in both hospitality and residential demand,” Josh Zegen, managing principal and co-founder of Madison Realty Capital, said in a statement. “The Nashville Edition is the type of design-forward, experiential project that elevates an entire neighborhood.” 

Andrew Coen can be reached at acoen@commercialobserver.com.