{"id":949319,"date":"2026-04-06T19:54:29","date_gmt":"2026-04-06T23:54:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-104-5-million-construction-financing-for-ritz-carlton-savannah\/"},"modified":"2026-04-06T19:54:29","modified_gmt":"2026-04-06T23:54:29","slug":"walker-dunlop-arranges-104-5-million-construction-financing-for-ritz-carlton-savannah","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-104-5-million-construction-financing-for-ritz-carlton-savannah\/","title":{"rendered":"Walker & Dunlop Arranges $104.5 Million Construction Financing for Ritz-Carlton Savannah"},"content":{"rendered":"

<\/p>\n

Walker & Dunlop Arranges $104.5 Million Construction Financing for Ritz-Carlton Savannah<\/b><\/p>\n

BETHESDA, Md.–(BUSINESS WIRE<\/a>)–Walker & Dunlop, Inc.<\/a> announced today that it has arranged a $104.5 million loan to facilitate the construction financing for the Ritz-Carlton Savannah, a 15-story luxury hotel located in the heart of Savannah\u2019s Historic District.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260406656888\/en\/<\/a><\/p>\n

\"Ritz-Carlton<\/p>\n

Ritz-Carlton Savannah. Photo Credit: TMGOC Ventures<\/p>\n<\/div>\n

\nWalker & Dunlop Capital Markets Institutional Advisory and Walker & Dunlop Hospitality Advisory partnered to arrange the transaction for TMGOC Ventures. Aaron Appel<\/a>, Jonathan Schwartz<\/a>, Keith Kurland<\/a>, Adam Schwartz<\/a>, Dustin Stolly<\/a>, Ari Hirt<\/a>, Sean Reimer<\/a>, and Jason Schwartzberg of the Advisory team arranged the $104.5 million of capital provided by The LCP Group, L.P. Jay Morrow<\/a> and Carter Gradwell<\/a> of the Hospitality team assisted and advised TMGOC Ventures throughout the process. TMGOC will also utilize federal and state historic rehabilitation tax credit programs, allowing for tax credits for qualified expenditures and local property tax abatement programs.<\/p>\n

\nUpon completion, the hotel will comprise the historic redevelopment of the two existing office buildings into a 168-key beautifully appointed, Ritz-Carlton hotel, blending each component across 190,000 square feet. The project will offer boundless amenities, and multiple F&B outlets across the hotel\u2019s lower level, ground floor, second floor and rooftop. Originally constructed in 1911, the property holds the distinction of being downtown Savannah\u2019s first skyscraper, its tallest building, and a designated historic structure.<\/p>\n

\n\u201cLocated in the heart of Savannah\u2019s Historic District, the Ritz-Carlton Savannah will redefine premium luxury hospitality with a fresh, design-driven approach,\u201d said Hirt, managing director of Capital Markets Institutional Advisory at Walker & Dunlop. \u201cWith very few luxury hotels currently operating in the market, this property addresses a clear demand for high-end accommodations and amenities. We\u2019re proud to have represented TMGOC to bring this much-needed, one-of-a-kind destination to life for visitors to the Savannah area.\u201d<\/p>\n

\nThe property is situated in Savannah\u2019s Historic District, one of the Southeast\u2019s most constrained markets for new development. Recent zoning limits high-density hotels and prohibits demolition of historic structures, creating a rare, once-in-a-generation redevelopment opportunity. Located within immediate proximity to River Street, City Market, Forsyth Park, and the convention center, the project is well positioned to capture both leisure and corporate demand. Nearby major economic and demand drivers include the Plant Riverside District, Broughton Street, the Savannah College of Art & Design, and the Port of Savannah.<\/p>\n

\n\u201cThe Savannah Historic District is one of the most sought-after development markets in the Southeast, particularly for hotel projects, given its limited sites, restrictive zoning, and highly selective review process,\u201d said Alison Tan, VP of Investments at TMGOC. \u201cWe appreciate Walker & Dunlop\u2019s expertise and steady guidance in navigating a complex transaction and helping bring the Ritz-Carlton Savannah to life.\u201d<\/p>\n

\nIn 2025, Walker & Dunlop\u2019s Capital Markets team sourced over $22 billion from non-Agency capital providers, including nearly $16 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry\u2019s top developers, owners, and operators. To learn more about Walker & Dunlop\u2019s broad financing options, visit our website<\/a>.<\/p>\n

About Walker & Dunlop<\/b><\/p>\n

Walker & Dunlop<\/a> (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.<\/p>\n

About TMGOC Ventures<\/b><\/p>\n

\nTMGOC Ventures is a real estate and development private equity firm with more than 150 years of combined experience specializing in the hospitality and multi-family sectors. Co-founded by Sunju Patel and Glenn Alba, TMGOC Ventures was born out of an entrepreneurial spirit and is guided by an institutional mindset focused on acquiring and developing a robust hotel and residential portfolio that creates value for investors, partners, and communities. TMGOC\u2019s portfolio consists over $1.4 billion in existing and development pipeline investments comprising 3,312 hotel keys, along with opportunistic multi-family, office and retail investments. The company is headquartered in Boca Raton, Fla. To learn about investment opportunities and current projects, visit www.tmgocventures.com<\/a>.<\/p>\n

About The LCP Group, L.P.<\/b><\/p>\n

\nThe LCP Group, L.P. (\u201cLCP\u201d) is a private real estate investment manager with approximately $1 billion in assets under management and a track record spanning more than five decades. Founded in 1973, LCP invests across the hospitality sector through a combination of equity ownership and private credit strategies executed alongside top-tier institutional partners. LCP\u2019s credit platform focuses on whole loans and structured financing solutions for hotel acquisitions, redevelopment, adaptive reuse, construction, and recapitalization transactions.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260406656888\/en\/<\/a><\/span><\/p>\n

Investors:
\n<\/b>
Kelsey Duffey
\n
Investor Relations
\n
Phone<\/i> 301.202.3207
\n
investorrelations@walkeranddunlop.com<\/a><\/p>\n

Media:
\n<\/b>
Nina H. von Waldegg
\n
Public Relations
\n
Phone<\/i> 301.564.3291
\n
nhvwaldegg@walkerdunlop.com<\/a><\/p>\n

KEYWORDS:<\/b> Georgia Maryland United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Lodging Finance Public Relations\/Investor Relations Travel Communications Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Ritz-Carlton Savannah. Photo Credit: TMGOC Ventures<\/font><\/td>\n<\/tr>\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Walker & Dunlop Arranges $104.5 Million Construction Financing for Ritz-Carlton Savannah BETHESDA, Md.–(BUSINESS WIRE)–Walker & Dunlop, Inc. announced today that it has arranged a $104.5 million loan to facilitate the construction financing for the Ritz-Carlton Savannah, a 15-story luxury hotel located in the heart of Savannah\u2019s Historic District. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260406656888\/en\/ Ritz-Carlton Savannah. Photo Credit: TMGOC Ventures Walker & Dunlop Capital Markets Institutional Advisory and Walker & Dunlop Hospitality Advisory partnered to arrange the transaction for TMGOC Ventures. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Ari Hirt, Sean Reimer, and Jason Schwartzberg of the Advisory team arranged the $104.5 million of capital provided by The LCP Group, L.P. Jay … <\/p>\n

Continue reading “Walker & Dunlop Arranges $104.5 Million Construction Financing for Ritz-Carlton Savannah”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-949319","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWalker & Dunlop Arranges $104.5 Million Construction Financing for Ritz-Carlton Savannah - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-104-5-million-construction-financing-for-ritz-carlton-savannah\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walker & Dunlop Arranges $104.5 Million Construction Financing for Ritz-Carlton Savannah - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Walker & Dunlop Arranges $104.5 Million Construction Financing for Ritz-Carlton Savannah BETHESDA, Md.–(BUSINESS WIRE)–Walker & Dunlop, Inc. announced today that it has arranged a $104.5 million loan to facilitate the construction financing for the Ritz-Carlton Savannah, a 15-story luxury hotel located in the heart of Savannah\u2019s Historic District. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260406656888\/en\/ Ritz-Carlton Savannah. Photo Credit: TMGOC Ventures Walker & Dunlop Capital Markets Institutional Advisory and Walker & Dunlop Hospitality Advisory partnered to arrange the transaction for TMGOC Ventures. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Ari Hirt, Sean Reimer, and Jason Schwartzberg of the Advisory team arranged the $104.5 million of capital provided by The LCP Group, L.P. 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