Hodges Ward Elliott is pleased to exclusively offer for sale The Jules Savannah, a boutique lodging asset ideally located in the heart of Savannah’s Historic District. The Property comprises six spacious, apartment-style suites, each equipped with full kitchens and in-suite laundry, positioning the asset well for extended-stay or short-term rental demand.
For investors pursuing meaningful repositioning opportunities, conceptual plans envision an expansion of up to 20 keys and adding a food and beverage outlet, providing a clear path to increased density, revenue and cash flow potential, while maximizing the content per square foot.
| Address: | |
| Rooms | 6 Existing Keys (Conceptual Plans exist for up to 20 Keys) |
| Average Room Size | 964 SF |
| Year Built | 1871 |
| Year Renovated | 2019 |
| Class | Luxury |
| Interest | Fee Simple |
| Management | Unencumbered |
| Brand | Currently operated under Kasa; offered unencumbered by brand. |
Investment Highlights
IDEAL LOCATION IN THE HEART OF SAVANNAH’S HISTORIC DISTRICT
The Jules Savannah is centrally located within Savannah’s Historic District. The Property sits directly across from the Historic Savannah Theatre, recognized as the country’s longest continually operating theater, and Chippewa Square, one of the city’s original public squares known for its central monument and surrounding historic architecture. Due to its centralized location, the Property is a short walk from River Street, Bay Street, Broughton Street, Forsyth Park and all of the major tourist draws in the Historic District.
Surrounded by Savannah’s celebrated public squares, boutique retail, and acclaimed dining, The Jules Savannah benefits from immediate access to the Historic District’s strongest and most walkable demand drivers.
FLEXIBLE REDEVELOPMENT OPPORTUNITY TO INCREASE KEY COUNT AND REVENUE
The Property presents a value-add opportunity through a planned redevelopment strategy focused on optimizing the existing room configuration. Ownership has evaluated the feasibility of reducing average room sizes and prepared conceptual plans and renderings illustrating the potential to transform the six oversized guestrooms into up to 20 efficiently designed keys within the current footprint. This reconfiguration would increase total inventory and create dramatic revenue and cash flow upside through improved space utilization.
In addition, the garden level presents an opportunity to introduce a new food and beverage outlet, activating currently underutilized space and generating an incremental revenue stream.
Beyond the contemplated hospitality repositioning, the asset may also lend itself to alternative exit strategies, including a potential condominium conversion and individual unit sales, membership style City Club, or Mixed-Use redevelopment.
INFRASTRUCTURE GROWTH
Savannah Convention Center
Savannah continues to advance key infrastructure initiatives that enhance accessibility and support long-term growth. In 2025, the Savannah Convention Center completed a $276 million expansion, doubling its size and adding a new 40,000 SF ballroom. Further reinforcing Savannah’s position as a premier convention destination, the State has recently broken ground on a new $400 million, 444-room Signia Hotel, scheduled to open in summer 2028, which is expected to elevate convention activity to levels well beyond prior peaks.
Savannah/Hilton Head International Airport (SAV)
The Savannah/Hilton Head International Airport (SAV) is undergoing a $400 million, multi-phase expansion, including the addition of four new gates, terminal renovations (new dining and retail), relocation and expansion of the air cargo complex, expanded parking, and upgraded security checkpoints. These improvements are expected to further strengthen regional connectivity, support employment growth, and reinforce the airport’s role as a critical transportation and logistics hub.
The Port of Savannah
The Port of Savannah remains one of the fastest-growing shipping gateways on the U.S. East and Gulf Coasts, handling 5.7 million twenty-foot equivalent units (TEUs) in 2025, its second-busiest year on record and a 2.6% increase over 2024. To accommodate continued growth, the Georgia Ports Authority has outlined approximately $4.5 billion in capital improvements, including additional berth capacity, expanded container yard and rail infrastructure, and increased truck gate capacity. Phased infrastructure enhancements are scheduled to begin coming online next year, positioning the Port to reach a projected capacity of 12.5 million TEUs by 2035.
SAVANNAH - STRONG GROWTH SUNBELT MARKET
Savannah’s Downtown Historic District has been one of the highest performing hospitality markets in the country for many decades, with a 37-year RevPAR CAGR of 4.4%. For year-end 2025, the Savannah Historic District’s RevPAR is 17.2% greater than 2019. This growth is due to a number of factors detailed below that are expected to continue to drive strong market growth in the years ahead.
Over the past 37 years, Savannah has significantly outperformed the broader U.S. lodging market, achieving a 4.4% RevPAR CAGR—approximately 1.5x higher than the national average of 3.0% over the same period.
An increasing ADR ceiling driven by the opening of premium properties like Perry Lane, JW Marriott, Alida, Thompson, and Hotel Bardo.
Air passenger traffic to/from Savannah has doubled in the past 10 years. Passenger traffic was up 40.2% for 2025 Year End as compared to 2019, with January 2026 already surpassing January 2025 by 5.8%.
The City’s location off I-95 makes it easily accessible by car and one of the best drive-to destinations in the country. Savannah is within a six-hour drive of approximately 37 million people. More than 17.3 million people visit Savannah each year.
IDEAL DRIVE-TO DESTINATION
Savannah is primarily a drive-to destination thanks to the area’s connected highway systems (including Interstate 16 and 95) with primary feeder markets including Atlanta, Florida, and North Carolina. Savannah is within 100 miles (2-hour drive) of 2 million people and within 300 miles (6-hour drive) of over 36.8 million people. Due to its highly accessible location, Savannah attracts over 17.3 million visitors annually. Savannah is primarily a leisure-driven lodging market, with over 70% of guests attributable to the transient segment and 89% leisure travel.
ATTRACTIVE ASSUMABLE FINANCING
The Jules Savannah benefits from attractive in-place, assumable debt totaling $3.43 million, carrying an interest-only rate of 4.5% through April 2028.
OPTIMAL OFFERING – FEE SIMPLE, UNENCUMBERED BY MANAGEMENT AND BRAND
The property is offered fee simple and free and clear of existing management and branding, offering new ownership maximum optionality in the future operation and use of the property.