Rockbridge Announces Plans to Build Boutique Hotel in Savannah Historic District

COLUMBUS, Ohio, Feb. 5, 2015 /PRNewswire/ -- Rockbridge announced plans to develop an exceptional, 173-room, boutique hotel in Savannah, GA. 

The property, located in Savannah's Historic District on River Street, will set a new standard for hospitality and raise the bar of hotels in one of the most charming cities in the country. 

Rockbridge is known for developing or redeveloping and repositioning its investments into the most desirable hotels in the market through an intense focus on the end user experience.  With a projected opening in late 2016, the hotel will include a ground-floor restaurant and retail, 4,000 square feet of meeting space, first-class pool experience, rooftop bar and on-site parking.  Rockbridge plans its all-king concept for this property, with 82 double king rooms, 66 kings and 25 suites.

"If people plan a trip to Savannah, they want an experience that is linked to Savannah and the local culture," said Rockbridge President and CEO Jim Merkel.  "Our development focus is on creating that end user experience by providing distinctive food experiences, social interactivity and desirable design. The traveler experience combined with the charismatic function and décor will make this property unmatched in the market."

The hotel is located on the site of the oldest bottleworks factory in America and will incorporate historic bricks and bottles from the site in the development.  In addition, Rockbridge has been working with city leaders to design and construct the first public, ADA-accessible pedestrian stairway and elevator to the river adjacent to the property.  Plans include very wide, safe stairs and elevator, complete with new streetscaping and lighting enhancements.  The project will reorient Montgomery Street as the new gateway to the riverfront and become another great landmark to honor the storied history of Savannah. 

"Our goal is to make this Savannah hotel an attraction in itself within the Historic District," Merkel added.

About Rockbridge:

Rockbridge is a private equity firm that invests in real estate. Over the past 20+ years, it has made more than 330 hotel investments in 44 states in transactions worth more than $5 billion.  Through its deep in-house experience and strong foundation of industry relationships, Rockbridge has delivered a track record of high absolute returns across multiple cycles and is a leading investor in hospitality.  Rockbridge Hospitality Fund VI L.P, its largest fund to date, well exceeded its target capital raise and closed with $438 million of subscriptions from leading institutional and other private investors.   

For More Media Information:
Erin Vogt/Chelsea Moore
The Zimmerman Agency
850.668.2222
[email protected]

SOURCE Rockbridge

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