As exclusive advisor, RobertDouglas announced today that it successfully refinanced Chartwell Hospitality’s Hilton Franklin Cool Springs in Franklin, TN, one of Nashville’s most prominent submarkets. RobertDouglas secured roughly $38,000,0000 of short-term, fixed-rate financing at highly attractive pricing from an institutional, balance sheet lender.
Defying the expectations of many, the U.S economy has demonstrated resilience driven in part by a solid employment report with stronger than expected wage growth during June, along with continued healthy levels of consumer spending. With this said, the U.S. economy has been slowed by the Federal Reserve’s aggressive drive to tame inflation through a series of interest rate hikes that began early last year. Although trending downward, with inflation remaining above its two percent target, the Federal Reserve is on track to raise interest rates again this month and mull another hike as soon as September. Despite elevated inflation, which is now easing, and ongoing fears of impending economic recession, unemployment rates remain low, and Americans continue to spend money on goods, services, and experiences.
Article - Chartwell Hospitality and Rockbridge Break Ground on Three Hotel Portfolio in in Nashville Suburbs - Construction will begin in Summer 2023 on a TownePlace Suites by Marriott in Brentwood, Tenn., a TownePlace Suites by Marriott in Murfreesboro, Tenn., and a Home2 Suites by Hilton in Lebanon, Tenn.
Chartwell Hospitality and Rockbridge Break Ground on Three Hotel Portfolio in Middle Tennessee streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.