HLC Hotels Completes Sale Of Historic Inns Of Savannah Portfolio With 175 Guestrooms
123 Habersham Street, Ste 400, 220 East Gaston Street, 220 East Gaston Street, 5 West Jones Street, 225 East Bay Street, 225 East Bay Street, 508 East Lower Factors Walk, 508 East Lower Factors Walk, 123 East Broughton Street & 123 East Broughton Street
Units
175
Asset Type
Hotel
Closing
Jun 30, 2026
AI
The transaction involves the sale of the Historic Inns of Savannah portfolio, which consists of six historic hotels located in Savannah’s Historic District. The asset type is a hotel with a total of 175 units. The property addresses include 123 Habersham Street, Ste 400; 220 East Gaston Street; 5 West Jones Street; 225 East Bay Street; 508 East Lower Factors Walk; and 123 East Broughton Street. The market in which this transaction took place is Savannah, GA.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Units: 175
- Seller: Charley Aimone & Charles Roberts - HLC Hotels
- Brokers: Nate Ries & Pete Dannemiller - Hodges Ward Elliott
Hodges Ward Elliott played a significant role in this transaction, representing the seller HLC Hotels in the multi-year sale. The completion of this sale involved the finalization of the sale of The Marshall House as part of the broader portfolio and was achieved through a strategic marketing approach that attracted strong investor demand. The sales process resulted in three separate buyers acquiring parts of the portfolio.
Players
Elliott 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