The Renaissance Nashville Hotel building is slated for about $1.6 million in upgrades, according to Metro Codes Department documents.
Steelhead Building Group will oversee the effort, which includes a renovation of part of the tower’s third floor and work on the upper six floors of the hotel.
Texas-based Ashford Hospitality Trust said it has closed on a $113 million loan that is secured by downtown's Renaissance Hotel and one of its properties in New Jersey. The move lowers Ashford's interest rate and frees up almost $30 million for capital spending. The REIT teamed up in early 2011 with Prudential Real Estate Investors to acquire the Renaissance and 27 other hotels.