Procaccianti Companies acquires Savannah property

Procaccianti Companies has acquired the Presidents’ Quarters in Savannah, GA, and will develop the new-construction Sabal House Savannah adjacent to the historic property. The project is a joint venture with Kim King Associates and Ross Hotel Partners.

When complete, the 62-room upscale boutique hotel will comprise 20 oversized luxury rooms and suites from the 150-year-old historic Presidents’ Quarters combined with 42 rooms from a new-construction building connected through a outside courtyard linking the two properties.

“Blending a 150-year-old historic inn with a modern, newly constructed building will deliver a unique hotel offering to Savannah and truly memorable experience to our guests,” said Rob Leven, chief investment officer, Procaccianti Companies. “The Sabal House will be located adjacent to the Owens Thomas House and Oglethorpe Square in the heart of Savannah’s historic district, which hosts more than 15 million visitors annually. Savannah is a top-performing leisure market with a high barrier to entry and tremendous growth across leisure, commercial and convention-related demand.”

Nearby attractions include River St., the Owens-Thomas House and the Cathedral Basilica of St. John the Baptist.

Upon completion in 2025, the Sabal House will feature two food and beverage outlets and an upscale lounge and bar, as well as a full-service restaurant curated and overseen by chef and restauranteur Michael Schlow. The hotel will be managed by TPG Hotels & Resorts.