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| | Inn | | 17 Guest Rooms / 20 Baths | Circa 1872, opened as an Inn in 1997 | | | Elegant 2nd Empire French Victorian | 10,412 H/C square feet | | | Commercial kitchen | Separate 3-guest room carriage house | | | Faces Lafayette Square & Fountain | National Landmark Historic District | |
| | | | Assets | Both average daily rate (ADR) and occupancy rate are higher than the Savannah area and national averages for bed and breakfasts and inns. The physical facility has been extensively renovated and updated over the past 2-3 years. The overall condition of the structure and furniture, fixtures and equipment is considered excellent. AAA 4-diamond designee. Member Select Registry, Distinguished Inns of North America. Lodging, restaurant and wine licenses in place. Option to purchase off-site, 3-bedroom owner residence. | | | | | Location | Savannah is a world-class travel destination filled with elegant architecture, ornate ironwork, fountains and green primordial squares. In 2007, the city welcomed 7,000,000 visitors. The Inn enjoys a prime, historic district location overlooking Lafayette Square, one of Savannah’s loveliest historic parks. | | |
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| | | | | | | Operating Results | | 2007 | 2008 | 2009 (thru June) | | Ave. Daily Rate | $263 | $266 | $263 | | Occupancy Rate | 64% | 56% | 52% | | Room Revenue | $968,892 | $863,462 | $389,820 | | Gross Revenue | $1,036,356 | $927,366 | $417,663 |
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| | Offering | $5,400,000. Assumable SBA loan at attractive interest rate available to qualified Buyer.
| | For More Information | Contact Us
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Data prepared using information supplied by owner.
Prospective buyer should perform their own due diligence. |
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Historic Parkside
Mansion Inn
Savannah, GA
Impressive in workmanship and size, the park-side mansion was built in 1873 for a successful businessman and prominent Savannah citizen and alderman. The mansion soon became a favorite gathering place for Savannah’s social elite. In 1883, the first electric lights in the city were installed in the main salon. By 1886, the entire structure was fitted with electric lights.
In 1898, a fire destroyed many of Savannah’s historic buildings and fine residences. Protected by its tin roof, the Hamilton mansion and all of the homes on Lafayette Square survived the fire due to their heat resistant roofing.
In 1915, Dr. Francis Turner purchased the house from the Hamilton estate. He and his family sold it to the Cathedral of St. John the Baptist in 1965. The Cathedral planned to demolish the property and turn it into playground. The Historic Savannah Association intervened and saved it from destruction. Over the next thirty years the Hamilton-Turner Apartment House had several owners and managers. Perhaps the most notorious was Joe Odom whose raucous parties were made famous through the John Brendt book Midnight in the Garden of Good and Evil. The Hamilton-Turner mansion was converted into a bed and breakfast in 1997. The current owners purchased it in 2005. |
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