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Procaccianti Corporations Expands Upscale Boutique Lodge Assortment



Windfall, RI – Procaccianti Corporations, one of many nation’s premier actual property funding and providers corporations, right this moment introduced the acquisition of the Presidents’ Quarters and improvement of the Sabal Home Savannah. The venture is a three way partnership with Kim King Associates and Ross Lodge Companions.

When full, the 62-room upscale boutique resort will comprise 20 outsized luxurious rooms and suites from the 150-year-old Historic Presidents’ Quarters mixed with 42 rooms from a brand new building modernized constructing linked by means of a ravishing outdoors courtyard linking the 2 properties.

Mixing a 150-year-old historic inn with a contemporary, newly-constructed constructing will ship a novel resort providing to Savannah and really memorable expertise to our visitors. The Sabal Home can be positioned adjoining to the Owens Thomas Home and Oglethorpe Sq. within the coronary heart of Savannah’s historic district, which hosts greater than 15 million guests yearly. Savannah is a top-performing leisure market with a excessive barrier to entry and super development throughout leisure, industrial, and convention-related demand. Rob Leven, chief funding officer, Procaccianti Corporations

Situated in coastal southeast Georgia and nicknamed the Hostess Metropolis of the South, Savannah is among the nation’s oldest cities. The historic district is the most important within the nation, with quite a few buildings relationship again to town’s founding in 1733. Friends will be capable of stroll to Savannah’s prime vacationer points of interest, together with River Road, the Owens-Thomas Home, and the Cathedral Basilica of St. John the Baptist.

Upon completion in 2025, the Sabal Home will function two meals and beverage retailers, an upscale lounge and bar, in addition to a full-service restaurant, absolutely curated and overseen by famend chef and restauranteur Michael Schlow. The resort can be managed by TPG Accommodations & Resorts.

About Procaccianti Corporations

Procaccianti Corporations is among the largest and most revered privately-held actual property funding and providers corporations in the USA. Based in 1958, our profitable monitor report spans over six a long time, and our expertise contains hundreds of transactions representing greater than $15 billion of diversified actual property investments. We’re a vertically built-in different asset supervisor with a broad nationwide platform, having owned, developed, managed, or financed funding actual property in over 300 cities throughout 41 states.

About TPG Accommodations & Resorts

TPG Accommodations & Resorts is an operator of hospitality property throughout all chain scales. The agency’s historic resume is approaching 600 branded, impartial, boutique accommodations and marinas, comprising greater than 65,000 guestrooms in 41 states. TPG Accommodations & Resorts is a vertically built-in group actively engaged in resort administration, marina operations, improvement, acquisitions, and asset repositionings throughout the nation. For extra data, please go to www.tpghotelsandresorts.com.



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