WhyHotel Launches New Hospitality Property in Nashville
NASHVILLE, Tennessee and WASHINGTON, November 4, 2021 / PRNewswire / – Why Hotel, a hotel and operator platform, today announced the acquisition of The Cadence, a Nashville property located at 1600 McGavock Street. With this acquisition, WhyHotel will launch its first Hospitality Living property in the city – The Cadence, operated by WhyHotel. In partnership with Gaw Capital United States, this location joins the growing list of properties under the Hospitality Living umbrella of WhyHotel, which blurs the lines of home and hospitality by providing guests with the comfort of a home-like space mixed with the convenience of a home. ‘a traditional hotel experience. With long-term and overnight stays available, The Cadence, operated by WhyHotel, will welcome long-term guests in November and welcome transient guests to January 2022.
“Nashville is an amazing city and, unsurprisingly, has grown at a breakneck pace as more and more people discover all it has to offer. From a hospitality standpoint, it also has that perfect blend of business and leisure drivers. We are excited to launch a new type of accommodation in vibrant Midtown that caters to our guests wherever they are, ”said Jason fudin, CEO and co-founder of WhyHotel. “Regardless of the reason or length of stay, guests will find what they are looking for at The Cadence, operated by WhyHotel.”
Located in Midtown Nashville, the property offers guests an unrivaled opportunity to access all of the attractions that the vibrant city has to offer. Less than a mile from Music Row, The Gulch, West End, Hillsboro Village, Centennial Park, and Vanderbilt UniversityThere is no shortage of entertainment for long and short term visitors. Beyond the location, the property offers amenities such as a swimming pool, lounge area, gym, courtyard and more. Each unit in the building has all the comforts of home, including a full walk-in closet, washer and dryer, and a state-of-the-art kitchen, providing immense value and space beyond a traditional hotel room.
Gaw Capital United States is accustomed to employing innovative strategies in its real estate investments in United States. This location represents his first partnership with WhyHotel and his first investment in the Nashville Marlet. Alongside Gaw Capital United States, WhyHotel has secured the property acquisition loan from Värde Partners. WhyHotel is proud to work alongside these trusted partners to bring the Hospitality Living concept to The Cadence.
WhyHotel continues to expand the footprint of its flexible living solutions and looks forward to announcing additional locations and new beginnings in the metro throughout the year and beyond. To learn more about WhyHotel and its other locations across DC, new York, Miami and more, please visit: www.whyhotel.com.
WhyHotel is a hospitality platform and operator focused on apartment style buildings. Its Flex platform allows property owners to blur the line between hospitality and home, delivering the best products to customers and travelers in unique buildings. Spaces organized by WhyHotel in handpicked neighborhoods can be booked as a hotel for one night or more, or the spaces can be rented for a few months or years. For more information visit www.whyhotel.com.
ABOUT GAW CAPITAL United States
Gaw Capital United States is a uniquely positioned investment firm providing private real estate fund management and segregated account management services. The company pursues a value-driven investment strategy, specializing in adding strategic value to underutilized real estate through redesign and repositioning. The company invests in a number of real estate sectors including development, offices, retail and hospitality, with a focus on key knowledge and innovation markets. In Q2 2021, Gaw Capital United States hold more $ 2 billion assets under management.
ABOUT VÄRDE PARTNERS
Värde Partners is a leading global alternative investment firm with roots in credit and struggling. Founded in 1993, the company has invested 80 billion dollars since its creation and manages $ 14 billion on behalf of a global investor base. The company’s investments cover corporate and negotiated credit, real estate and mortgages, private equity and direct loans. Värde employs more than 300 professionals worldwide with offices in Minneapolis, new York, London, Singapore and other cities of Asia and Europe. For more information, please visit www.varde.com.
North 6th Agency for WhyHotel
SOURCE WhyHotel / North 6th Agency