nashville, tennessee

Pendry Hotel & Residences by Montage

Investment Summary

The ground-up development of the Pendry Nashville Hotel and Residences by Montage Hotels and Resorts, located within the Gulch, a premier neighborhood in Nashville, TN. The Project will be developed and managed by a joint venture partnership with deep experience in all facets of hotel and residential development, and is comprised of Trestle Studio (“Trestle”), JE Dunn Construction, and SomeraRoad Inc. The Project is scheduled to break ground in October 2024 and to deliver in mid-2027.

The Project will include a 30-story hotel and residential tower comprised of 146 luxury condominium units and 180 hotel rooms, all under the Pendry brand. Pendry is a boutique luxury hotel and residential brand that operates properties in upscale areas of West Hollywood, Newport Beach, New York City, San Diego, Chicago, Park City, Washington DC, and Baltimore.

The ground floor and second floor amenities will include separate hotel and condo lobbies, a 100-seat restaurant, a 75-seat lobby bar/café, and over 13,000 square feet of meeting and event space comprised of a ballroom, conference facilities, writer’s room & library, parlors, and meeting room. The third floor will include a 10,500 square foot hotel pool and indoor/outdoor pool bar and lounge, as well as a fitness center. It will also feature a 6,000 square foot condo lounge area and terrace, including an exclusive condo pool separate from the hotel amenities.

Floors 4-11 will be dedicated hotel rooms, with oversized guestrooms that are approximately 10% larger than the competitive set, including 28 rooms that will be designed as suites. Floors 12-30 will be residences, with penthouse units on the 28th-30th floors. The 30th floor rooftop will have exclusive condominium amenities including a whiskey and billiards room, chef ’s kitchen, and an outdoor lounge. Condominium residents will have access to all hotel amenities, including cleaning service, room service, concierge and associated benefits.