HREC Investment Advisors has arranged the sale of the 127-guestroom Holiday Inn Savannah (Ga.) Downtown from investment and development firm Key International to business network HD Companies. HD Companies’ portfolio includes a range of assets from hotels, private equity, asset management, automotive industry, banking, mixed-use communities and residential communities.
HREC Investment Advisors exclusively represented the seller on this transaction. The marketing and negotiations were led by Senior Vice President – Atlanta Tom Huegel.
“This was a unique opportunity to pair a buyer, who had a strategic reason to acquire a hotel asset in the historic district of downtown Savannah, with a seller willing to consider engaging in an 'off-market' transaction like this,” Huegel said in a statement.
The hotel is 20 minutes from the Savannah Hilton Head International Airport, the second-busiest airport in Georgia.