Georgia-based HOS Management, in a joint venture with Iowa-based Hawkeye Hotels, completed the acquisition of the B Historic hotel in Savannah, Ga., for an undisclosed sum.
The property will be converted to a Tryp by Wyndham and will be managed by HOS, which has four Savannah hotels in operation and, including the B Historic, six Savannah hotels in various phases of development.
Built in 2008 and renovated in 2016, the hotel has 101 guestrooms, in addition to a fitness center, an indoor pool, a business center and signature restaurant Kitchen 320. It is located on Montgomery Street in Savannah’s Historic District. Museums, churches, monuments, fine dining, boutiques, theaters and more surround the area.
"The history of Savannah makes it a timeless destination, and we are thrilled that we have found yet another opportunity to collaborate with HOS and invest in this unique community and the local economy," Parth Patel, head of investments at Hawkeye Hotels, said in a statement.
"With the city of Savannah developing at a quick pace amidst timeless Southern traditions, we saw an opportunity to place the asset in a nationally recognized platform with Tryp by Wyndham, which will further enrich the downtown district and better serve the community's needs," Krishan Gandhi, VP of development at HOS Management, said in a statement.