Procaccianti Companies, one of the nation’s premier real estate investment and services firms, today announced the acquisition of the Presidents’ Quarters and the development of the Sabal House Savannah. 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 modernized building connected through a beautiful 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 a 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.”
Located in coastal southeast Georgia and nicknamed the Hostess City of the South, Savannah is one of the country’s oldest cities. The historic district is the largest in the country, with numerous buildings dating back to the city’s founding in 1733. Guests will be able to walk to Savannah’s top tourist attractions, including River Street, 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, an upscale lounge and bar, as well as a full-service restaurant, fully curated and overseen by renowned chef and restauranteur Michael Schlow. The hotel will be managed by TPG Hotels & Resorts.
About Procaccianti Companies (procaccianti.com)
Procaccianti Companies is one of the largest and most respected privately-held real estate investment and services firms in the United States. Founded in 1958, our successful track record spans over six decades, and our experience includes thousands of transactions representing more than $15 billions of diversified real estate investments. We are a vertically integrated alternative asset manager with a broad national platform, having owned, developed, managed, or financed investment real estate in over 300 cities across 41 states.
About TPG Hotels & Resorts
TPG Hotels & Resorts is an operator of hospitality assets across all chain scales. The firm’s historical resume is approaching 600 branded, independent, boutique hotels and marinas, comprising more than 65,000 guestrooms in 41 states. TPG Hotels & Resorts is a vertically integrated organization actively engaged in hotel management, marina operations, development, acquisitions, and asset repositioning across the country. For more information, please visit www.tpghotelsandresorts.com.