Flank, Marriott Open GA Hotel
- Jun 06, 2018
The 167-key Perry Lane Hotel in Savannah, Ga., has opened its doors. Flank teamed up with Marriott International to develop the project, which broke ground in mid-2016.
In January 2017, Centennial Bank provided a three-year, $37.5 million construction loan to Flank. In May, the developer retired that debt with a new, three-year $64 million mortgage held by Two Harbors Investment Corp, according to public records.
Located at 256 E. Perry St. in the city’s downtown, the five-story building sits half a mile south of the Savannah River, on a 0.3-acre parcel which previously served as a parking lot. A number of city bus routes run within a block of the development. The property falls within a mile of Interstate 16 and U.S. Highway 17, enabling convenient access around Savannah and into South Carolina.
The hotel contains a mix of standard guestrooms along with 12 luxury suites. Guest amenities include approximately 10,000 square feet of conference space, a fitness center, rooftop bar and swimming pool, valet parking and concierge service. The parking is located in a subterranean garage according to DPR, the general contractor.
Half a mile west, another hospitality development is underway after breaking ground in February.
Image courtesy of Marriott International