Tidal Real Estate Partners Secures $113 Million Bridge Loan For Margaritaville Hotel Savannah
111 Ann Street
$113,000,000
Building Size
—
Asset Type
Hotel
Closing
Sep 2, 2026
About this deal
AI
The property asset involved in the transaction is the Ann Street Lofts located at 111 Ann Street in Savannah, GA. The asset type is a hotel, with the planned conversion resulting in 230 keys for the Margaritaville Hotel Savannah.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $113,000,000
- Loan Type: Bridge
- Loan Terms: 3-year
- Lender: Jared Schlosser - Peachtree Group
- Landlord: Mick Walsdorf - Tidal Real Estate Partners
The deal features Jared Schlosser representing Peachtree Group, which originated the $113 million bridge loan. Mick Walsdorf represents Tidal Real Estate Partners in the recapitalization and conversion of the property, which includes plans for a LandShark Bar & Grill and a large pool deck, aiming to leverage Savannah's tourism demand.
On the Map
$113,000,000
Hotel
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Players
Savah Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93