Wheelock Street Capital has acquired Perry Lane Hotel, a member of Marriott’s luxury collection brand, a 167-room soft-branded, luxury hotel located in Savannah, GA.
“The acquisition marks Wheelock’s first hotel purchase in the Savannah market,” stated Tim Hodes, principal and head of hotel acquisitions for Wheelock Street Capital. “The property’s institutional quality, A+ location within the Historic District, and unique scaled development in a top leisure-driven market was a perfect match with our current acquisition criteria. The market and property continue to outperform our expectations and are both well ahead of the broader US recovery curve. We look forward to continuing the great progress that Sage has made to date and further solidify the property’s position as Savannah’s top luxury hotel.”
Hodges Ward Elliott arranged the sale of Perry Lane Savannah.