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2 West Bay Street

Greg O'hara, Nolan Hecht Of Certares & Jon Kline Of Clearview Hotel Capital Acquire 351-Room Hyatt Regency Savannah
SOLDHotel

Greg O'hara, Nolan Hecht Of Certares & Jon Kline Of Clearview Hotel Capital Acquire 351-Room Hyatt Regency Savannah

2 West Bay Street

Units

351

Asset Type

Hotel

Closing

Jul 1, 2026

AI

The 351-room Hyatt Regency Savannah is a full-service riverfront hotel located at 2 West Bay Street, Savannah, GA. The property has recently been involved in a sale transaction which enhances Certares' portfolio in the hospitality sector.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not specified
  • Units: 351
  • Address: 2 West Bay Street
  • Market: Savannah, GA
  • Buyer: Greg O'hara, Nolan Hecht - Certares & Jon Kline - Clearview Hotel Capital
Certares has now acquired 17 hotels since launching its real estate platform in 2021. The partners plan to focus on upgrading guestroom and public space areas to enhance the hotel’s appeal as leisure and business travel increases in the Savannah region.

Players

Nolan Hecht

Certares

Buyer

1 deal

Buyer

Bay Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93