A 228-key independent luxury hotel acquired through a note purchase and repositioned under third-party management with a full rooms and public-space renovation.
Countercyclical hospitality entry at a pandemic-driven discount in a drive-to leisure market with durable demand fundamentals.
Note acquisition, deed-in-lieu resolution, brand-independent repositioning, and revenue management overhaul.
Savannah’s historic district maintains among the highest weekend occupancy rates in the Southeast with high barriers to new supply.
Completed $14M renovation in 2022; food-and-beverage concepts re-let to acclaimed regional operators, lifting non-room revenue 42%.
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Q4 2020
Note Acquisition
Purchased senior note at discount to face value.
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Q3 2022
Renovation Complete
Delivered $14M rooms and public-space renovation.
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Q2 2024
Refinancing
Recapitalized at stabilized valuation, returning 60% of invested equity.