Hospitality-focused real estate investment firm DoveHill has revealed a preferred equity investment in the redevelopment of a historic hospitality asset in Savannah’s Historic District. The project will deliver The Sabal House, a 64-key independent luxury boutique hotel, and marks DoveHill’s entrance into the market.
The investment supports the transformation of the former President’s Quarters Inn—currently a 16-key property—into a fully redeveloped and expanded 64-key hotel. Located on Oglethorpe Square and across from the Owens-Thomas House, the hotel will “blend historic charm with a modern, boutique sensibility,” according to the company. A new 42-key wing will be constructed alongside 22 renovated keys in the original structure.
“We’ve been actively looking for a strategic entry point into Savannah, and this project checked every box—location, sponsorship, design and timing,” said Charles Paloux, chief investment officer, DoveHill. “It’s a compelling hospitality investment in a market with deep fundamentals, limited new supply and rising consumer demand for distinctive stays.”
The hotel will feature Oak Steakhouse by Indigo Road Hospitality Group, offering breakfast, dinner and room service. Additional guest conveniences include a nearby garage partnership to support valet parking.
“This is a premier, shovel-ready opportunity in one of the most attractive historic markets in the Southeast,” said Jake Wurzak, founder/CEO, DoveHill. “With high barriers to entry, booming tourism demand and a deeply experienced sponsorship team, Sabal House is exactly the type of project that aligns with our preferred equity investment strategy. Our investment provides both downside protection and the potential for strong asymmetric returns.”
He added, “Our preferred–equity structure pairs downside security with meaningful upside, creating capital solutions that accelerate deal flow for sponsors and superior outcomes for investors.”
