Hyatt Regency Savannah trades for $158M in Certares-Clearview joint venture

JLL arranged a Goldman Sachs Alternatives floating-rate loan backing a Certares Real Estate Management/Clearview Hotel Capital joint venture's $158 million purchase of the 351-key riverfront Hyatt Regency Savannah.

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Aerial exterior view of Hyatt Regency Savannah beside the Savannah River.
Project imageHyatt's official exterior aerial shows the riverfront hotel that traded in the joint venture.Hyatt Regency Savannah
Hyatt Regency Savannah exterior from across the Savannah River
Project contextHyatt Regency Savannah exterior from across the Savannah RiverHyatt Regency Savannah / Property photo

JLL Capital Markets secured acquisition financing for the sale of the Hyatt Regency Savannah, a 351-key full-service hotel on the Savannah River in the Historic District, in a $158 million deal. The buyer is a joint venture between affiliates of Certares Real Estate Management and Clearview Hotel Capital, backed by a floating-rate loan from Real Estate at Goldman Sachs Alternatives.

The transaction is a change of ownership on an existing, operating hotel, not new construction.

What to watch

Watch for whether the new ownership announces a renovation or rebrand, common after this kind of hotel-fund acquisition.

Scale351 keys; $158M acquisition
WhoCertares Real Estate Management, Clearview Hotel Capital, JLL, Real Estate at Goldman Sachs Alternatives
Sources and documents5 sources

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