CARLTON CLOSES $55 MILLION LOAN SALE SECURED BY SAVANNAH HOTEL
SAVANNAH, GA. — The Carlton Hospitality Group has closed a $55 million performing loan sale secured by the Westin Savannah Harbor Golf Resort & Spa on Hutchinson Island in Savannah's River District. A private equity fund sponsored by a major sovereign wealth fund acquired the note from a private equity real estate fund. The 403-room hotel offers 35,000 square feet of indoor and outdoor meeting space and an 18-hole championship golf course, which was designed by Robert Cupp and Sam Snead. Brendan Sullivan of Carlton's Hospitality Group represented the seller in the transaction.