JLL secures loan for joint venture acquisition of Hyatt Regency Savannah
United States, Sept. 1 -- JLL Capital Markets announced the acquisition financing secured for the Hyatt Regency Savannah, a 351-key full-service hotel situated on the Savannah River in the heart of the city's nationally designated Historic District.JLL worked on behalf of the borrower, a joint venture between affiliates of Certares Real Estate Management and Clearview Hotel Capital, to secure a floating-rate loan through Real Estate at Goldman Sachs Alternatives.The Hyatt Regency Savannah opened in 1981 and has established itself as one of the top-performing hotels in the city, ranking No. 1 in RevPAR among its competitive set for each of the past four years. The property sits at 2 W. Bay St. on the Savannah waterfront, overlooking the rive...
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