The acquisitions bring Mission Hill’s portfolio to 21 extended stay properties.
Greg Kennealey, CEO of Mission Hill Hospitality said: “The Savannah leisure-oriented market is maturing and diversifying with more than $2 billion of commercial investment in the past few years. Mission Hill is excited to expand in Savannah with these two recently built, premium select-service hotels in a growing, drive-to leisure Sun Belt market.”
The 135-room Aloft Savannah was built in 2020, and the 140-room Fairfield Inn & Suites was built in 2017.
Both hotels offer a combined area of 3,595 square feet of meeting space space, a business center, 24-hour fitness center, indoor and outdoor pool.
Guests will also enjoy many dining options including Re:fuel by Aloft for healthy snacks and breakfast items and a restaurant and bar at Aloft’s W XYZ® Bar, featuring live music.
The hotels are located in the Historic District of Savannah less than a 10-minute walk from the Riverfront and the Savannah City Market. The Plant Riverside Entertainment District and the Forsyth Park are also close by.
Savannah is home to the fourth busiest port in the US and has seen more than $4 billion of commercial investment in the last decade. $1 billion has been invested in the Savannah Port Expansion, $375 million Plant Riverside Entertainment District, and the 58-acre, $600 million Eastern Wharf development. A further $270 million is being put into the expansion of the Savannah Convention Center, which is projected to be completed next year.
Mission Hill Hospitality, a KSL Capital Partners portfolio company, launched in 2019, and recently added The Homewood Suites by Hilton Cathedral City Palm Springs.