Certares Real Estate Management LLC and Clearview Hotel Capital LLC have acquired the Hyatt Regency Savannah, a 351-room full-service hotel located in Savannah, GA.
Originally opened in 1981, the hotel occupies a riverfront location along River Street and features 351 guestrooms, including 31 suites, more than 40,000 sq. ft. of meeting and event space, multiple food and beverage outlets and a parking garage that can accommodate more than 300 cars. The hotel also benefits from direct access to Savannah’s Historic District.
“The Hyatt Regency Savannah exemplifies our strategy of investing in strong, well-located hotels in growing markets,” said Nolan Hecht, senior managing director, Certares. “We specifically seek out markets where there are diverse demand drivers in both leisure and business, and there is no better example of this than Savannah, which has significantly built out its business infrastructure while doubling down on leisure destinations like the Historic District that make it so unique. Partnering with Clearview, an experienced Savannah hotel owner, will help us capitalize on the property’s full potential.”
The partnership plans to invest in guestroom and guest-facing improvements designed to elevate the property’s competitive positioning.
“Having owned and operated hotels in the Savannah market for many years, we have long admired the Hyatt Regency’s exceptional location and strong presence in the market,” said Jon Kline, founder/CEO, Clearview Hotel Capital. “Savannah has a strong growth trajectory as a hub for both vacationers and meetings. Together with Certares, we look forward to enhancing the property and further strengthening its position as one of the leading hotels in the Southeast.”
The transaction marks Certares’ 17th hotel acquisition since launching its real estate platform in 2021 and further expands the firm’s presence in the hospitality real estate sector. Across its real estate portfolio, Certares has acquired more than 4,000 hotel keys in premier travel destinations throughout the U.S..
