HRI Hospitality (HRIH), a fully integrated real estate firm based in New Orleans, in partnership with C. B. Ragland Company, a Nashville-based real estate company, and Peachtree Hotel Group, an Atlanta-based hotel investment company, announces the financial closing for the ground-up development of a new 210-room Caption by Hyatt hotel in the Gulch District of downtown Nashville, Tenn. The construction financing will be provided by Truist Financial Corporation and its syndication partner, Commerce Bank. The hotel is scheduled to break ground this month and debut in late 2024. This will mark HRIH's 32nd property in the United States and its third in Nashville, joining the Holston House Nashville, part of The Unbound Collection by Hyatt brand, and the under-construction Tempo by Hilton Nashville Downtown, which is slated to open in January 2024.