Dive Brief:
- Global investment firm Certares Real Estate Management, alongside Clearview Hotel Capital, acquired the 351-key Hyatt Regency Savannah in Savannah, Georgia, according to a news release. The sales price and seller were undisclosed.
- The upper upscale hotel, which originally opened in 1981, sits along the Savannah River and features more than 40,000 square feet of meetings and events space, multiple food and beverage outlets and on-site parking. The hotel is also situated near Savannah’s Historic District, “one of the country’s most visited leisure destinations,” per the release.
- The deal highlights “Certares’ continued focus on investing in high-quality hospitality assets in markets with strong long-term demand fundamentals,” per the release. The sale comes as investors focus on high-end hospitality deals, with the luxury segment poised to enter a “compelling” investment cycle, per JLL.
Dive Insight:
Certares’ acquisition of the Hyatt Regency Savannah aligns with the firm’s strategy of “investing in strong, well-located hotels in growing markets,” Nolan Hecht, senior managing director at Certares, said in a statement.
The firm specifically seeks out markets “where there are diverse demand drivers in both leisure and business, and there is no better example of this than Savannah, which has significantly built out its business infrastructure while doubling down on leisure destinations like the Historic District that make it so unique,” Hecht added.
The transaction marks Certares’ 17th hotel acquisition since launching its real estate platform in 2021, per the release. Last August, Certares acquired the Hyatt Regency Greenwich in Connecticut. Prior to that, in April 2024, the firm purchased the Hilton Boston Back Bay hotel.
Certares is among hotel investors focused on investment in upper-tier segments as a growing wealth bifurcation at play in the hospitality industry. In the first half of 2026, upscale, upper upscale and luxury assets accounted for 73% of hospitality M&A deals, according to a recent PwC report.
Notable hotel transactions so far this year include Sunstone Hotel Investors’ $279 million sale of the Hyatt Regency San Francisco, Braemar Hotels & Resorts’ $176 million sale of the Park Hyatt Beaver Creek Resort & Spa and the $835 million sale of the JW Marriott Marco Island Beach Resort.
Additionally, Gencom acquired The Ritz-Carlton New York, Central Park in Midtown Manhattan in H1, and Host Hotels & Resorts sold two Four Seasons resorts in Orlando, Florida, and Jackson Hole, Wyoming, for a combined $1.1 billion.
Hotel investment for the remainder of the year will be buoyed by a favorable debt market, secular tailwinds and increasing foreign investment, industry professionals shared at the NYU International Hospitality Investment Forum last month.
Certares did not respond to a Hotel Dive request for comment by the time of publication.
