Strong, passive income returns and appreciation
Proven Track Record With 4 Successful Nashville Projects Already Completed & Delivering Superior Results For Investors
Projected Annual Returns: 18%
Preferred Return: 8%
Profit Split After Preferred: 70/30 (investor/sponsor) until an additional 8% IRR is reached, 50/50 thereafter
Hold Period: 3-5 Years
Equity Multiple: 2.00+
Asset Type: Group Travel Hospitality
Investment Structure: Private Placement Memorandum (PPM)
Investment Objective: Capital Appreciation, Cash Flow + Exit
IRA Eligibility: Eligible
Minimum Investment: $250,000
With flexible multi-bedroom suites, a 20,000 SF entertainment anchor tenant, and professional management by Schulte Hospitality, 4th & Elm is positioned to outperform traditional hotels and scattered STR properties.
Sponsored and managed by John Bogdasarian, CEO of Promanas Group, a boutique real estate investment firm with over $1.5 billion in transactions, serving 500+ accredited investors.
The project targets 18% annual returns through development, stabilization, and strategic exit via refinance or sale.
Provides tax advantages using pro rata, pass-through depreciation benefits and IRA eligibility, helping investors maximize returns.*
Experienced development and hotel management provides hands-off real estate exposure without the complexities of direct investment.
Promanas & CA South (our development partner) have already completed four successful Nashville hospitality and residential projects, delivering superior returns to investors.
We’ve now positioned 4th & Elm to be our best Nashville project yet.
Leveraging valuable insights from our last 4 successful projects, we’ve pinpointed exactly how to deliver the premium group experience in Nashville’s booming hospitality market.
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This innovative, purpose-built hotel uses our new group demand optimization strategy where we’ve stacked our extensive Nashville experience all under one roof.
Purpose-built for group travel – No one else is doing this at scale
Flexible room configurations – Maximize revenue across market conditions & seasonal demand-patterns
Centralized management – Greater control over pricing and revenue
Professional operations – Schulte Hospitality Group ensures efficiency and top-tier guest experience
Best-in-class amenities – Attract repeat guests and maximize pricing power
T-Squared Social Entertainment Venue – Backed by cultural icons, Justin Timberlake and Tiger Woods, creating significant celebrity appeal and high per-cap spending
17.1M people visited Nashville in 2024 (record-breaking tourism)
7.9 million stayed in hotels and 1.2M in short-term rentals (massive lodging demand)
Top 5 U.S. leisure destination (domestic & international)
Oracle’s $1.2B HQ investment fueling long-term growth
Walkable location near Broadway, Pie Town, SoBro, and Wedgewood Houston
11-story mixed-use development in downtown Nashville
141 multi-bedroom suites (421 total bedrooms)
Targeting group travel market (bachelorette parties, corporate retreats, weddings)
World-class, professional hotel management by Schulte Hospitality Group
T-Squared Social anchor tenant (20,000 SF entertainment venue)
Total Equity Requirement: $57M-$76M
Debt Financing: 60-70% LTV ($114M-$133M)
Investment to Date: $24M (land acquisition & entitlements)
Projected Sale Price: $331M
Projected Net Profit: $165M
Get access to due diligence materials and learn more:
Investor Prospectus
Deal Strategy
Deal Terms
*Returns may be subject to UBIT once hotel is operational. Consult your tax advisor for details.