financeLodging Magazine··1 min·For: Owner, Investor, GM, Revenue
Financing Secured For Ritz-Carlton Savannah Construction
Walker & Dunlop has arranged a construction loan for the development of a Ritz-Carlton hotel in Savannah, Georgia, featuring 170 rooms and luxury residences. The project will transform the historic Savannah Bank & Trust Building into a premium destination with a rooftop pool and cigar lounge.
Key Takeaways
- 1Secure high-leverage financing for luxury developments by leveraging experienced capital intermediaries like Walker & Dunlop.
- 2Prepare for increased supply in Savannah as the new Ritz-Carlton adds 170 rooms and branded residences to the historic downtown.
- 3Leverage luxury branding and rooftop amenities to capture high-end transient and group demand in secondary markets.
Source: Lodging Magazine
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