Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Friday, 31 July 2020

Pebblebrook Sells Union Station Hotel in Nashville, Tenn., for $56Mln

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Commercial Real Estate Direct Staff Report

Southwest Value Partners has paid $56 million, or $448,000/room, for the 125-room Union Station hotel in Nashville, Tenn.

The San Diego developer acquired the property from Pebblebrook Hotel Trust, a Bethesda, Md., REIT, that had bought it in December 2014 for $52.3 million and invested an additional $15.5 million on renovations to its lobby and rooms. The deal closed on Wednesday.

Pebblebrook noted the sales price resulted in an 11.1...





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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Nashville
  • States: Tennessee
  • Sector: Hotel & Resort
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $50 million and $100 million
  • Private: Yes
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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