New Markets Tax Credit Coalition

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  • McMinnville,
  • TN
  • (2020)

McMinnville Hampton Inn

District: Scott DesJarlais (R-TN04)

Development of a 74-room Hampton Inn hotel and a 20,000 sq. ft. retail center in the town of McMinnville, TN.

Investment

  • NMTC Amount: $5,000,000
  • Total Project Cost: $9,362,000

IMPACT

  • 26 FTE jobs
  • 46 construction jobs
  • 20,000 sq. ft. of real estate

CDEs

,

Investor

Project Description

Enhanced partnered with Hunt Properties GP, a local, developer, to develop a 74-room Hampton Inn hotel and a 20,000 sq. ft. retail center in the town of McMinnville, TN. To help support the rural community, Enhanced Capital provided financing for the project through a $5 million federal NMTC allocation.

MAP

Address: 1560 Sparta Road, McMinnville, TN 37110

Census Tract: 47177930600

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