facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Georgia

/

Hotel

/

Loan

/

201 Port Street

Updated Dec 4, 2024

Regent Partners And Mariner Investment Group Secure $50 Million Refinance Loan For Thompson Savannah Hotel
FINANCEDHotel

Regent Partners And Mariner Investment Group Secure $50 Million Refinance Loan For Thompson Savannah Hotel

201 Port Street

$50,000,000

Building Size

—

Asset Type

Hotel

Closing

Nov 6, 2024

About this deal

AI

The asset involved in the transaction is the Thompson Savannah hotel, which has a total of 193 keys and is branded under Hyatt. The hotel is located at 201 Port Street in Savannah, GA. It opened in August 2021 and has demonstrated strong growth in key hospitality metrics. The refinance loan amounts to $50 million, aimed at replacing previous construction debt associated with the property.

Summary of transaction details:

This transaction involved Regent Partners and Mariner Investment Group, who secured the refinancing deal through Mesa West Capital. The broker team from Berkadia, consisting of Jared Kelso, Lauren Greenberg, and Stephen Michels, played a significant role in facilitating the transaction for the parties involved.

On the Map

Open live map

$50,000,000

Hotel

View full map

Players

Jared Kelso

Berkadia

Broker

$68M

vol

2 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Mesa West Capital
Mesa West CapitalLender

Savannah Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Deal FAQ

Visit Stephen (Steve) Michels to view all their deals.

Browse Savannah hotel loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets