Walker & Dunlop Secures $104.5M Loan for Ritz-Carlton Savannah Redevelopment
Event summary
- Walker & Dunlop arranged a $104.5 million construction loan for the Ritz-Carlton Savannah, a 15-story luxury hotel in Savannah’s Historic District.
- The project involves redeveloping two historic office buildings into a 168-key hotel spanning 190,000 square feet.
- The loan was provided by The LCP Group, with additional financing through federal and state historic rehabilitation tax credits.
- The property is located in a constrained market with limited new development opportunities due to zoning restrictions.
The big picture
Walker & Dunlop’s $104.5 million loan for the Ritz-Carlton Savannah highlights the firm’s expertise in navigating complex transactions in constrained markets. The deal underscores the growing demand for luxury hospitality in historic districts, where zoning restrictions create rare redevelopment opportunities. With over $22 billion sourced from non-Agency capital providers in 2025, Walker & Dunlop continues to solidify its position as a top advisor in commercial real estate finance.
What we're watching
- Market Demand
- Whether the Ritz-Carlton Savannah can capture both leisure and corporate demand in a market with few luxury hotel options.
- Regulatory Constraints
- The impact of Savannah’s restrictive zoning laws and historic preservation requirements on future development projects.
- Execution Risk
- The pace at which Walker & Dunlop can secure similar high-value financing deals in constrained markets.