Windfall, RI – Procaccianti Corporations, one of many nation’s premier actual property funding and companies corporations, at this time introduced the acquisition of the Presidents’ Quarters and improvement of the Sabal Home Savannah. The mission is a three way partnership with Kim King Associates and Ross Lodge Companions.
When full, the 62-room upscale boutique lodge will comprise 20 outsized luxurious rooms and suites from the 150-year-old Historic Presidents’ Quarters mixed with 42 rooms from a brand new development modernized constructing related by means of a wonderful exterior courtyard linking the 2 properties.
Mixing a 150-year-old historic inn with a contemporary, newly-constructed constructing will ship a novel lodge providing to Savannah and really memorable expertise to our friends. The Sabal Home will probably be situated adjoining to the Owens Thomas Home and Oglethorpe Sq. within the coronary heart of Savannah’s historic district, which hosts greater than 15 million guests yearly. Savannah is a top-performing leisure market with a excessive barrier to entry and great progress throughout leisure, business, and convention-related demand. Rob Leven, chief funding officer, Procaccianti Corporations
Situated in coastal southeast Georgia and nicknamed the Hostess Metropolis of the South, Savannah is among the nation’s oldest cities. The historic district is the biggest within the nation, with quite a few buildings courting again to town’s founding in 1733. Company will have the ability to stroll to Savannah’s high vacationer sights, together with River Road, the Owens-Thomas Home, and the Cathedral Basilica of St. John the Baptist.
Upon completion in 2025, the Sabal Home will characteristic two meals and beverage shops, an upscale lounge and bar, in addition to a full-service restaurant, totally curated and overseen by famend chef and restauranteur Michael Schlow. The lodge will probably be managed by TPG Lodges & Resorts.
About Procaccianti Corporations
Procaccianti Corporations is among the largest and most revered privately-held actual property funding and companies corporations in america. Based in 1958, our profitable monitor file spans over six many years, and our expertise consists of hundreds of transactions representing greater than $15 billion of diversified actual property investments. We’re a vertically built-in different asset supervisor with a broad nationwide platform, having owned, developed, managed, or financed funding actual property in over 300 cities throughout 41 states.
About TPG Lodges & Resorts
TPG Lodges & Resorts is an operator of hospitality belongings throughout all chain scales. The agency’s historic resume is approaching 600 branded, unbiased, boutique inns and marinas, comprising greater than 65,000 guestrooms in 41 states. TPG Lodges & Resorts is a vertically built-in group actively engaged in lodge administration, marina operations, improvement, acquisitions, and asset repositionings throughout the nation. For extra info, please go to www.tpghotelsandresorts.com.
