Moody National REIT II, Inc. announced on November 27, 2024, that they have entered into a Purchase and Sale Agreement with Reade Hotel Capital LLC to sell their rights and interests in the Nashville Embassy Suites hotel located at 1811 Broadway, Nashville, TN, for $57,500,000. The closing of this sale is expected by February 13, 2025, if all terms and conditions are met. However, there is no certainty that the sale will be completed as described or even at all.
Names mentioned: - Moody National REIT II, Inc. - Reade Hotel Capital LLC - Nashville Embassy Suites - Brett C. Moody