The LCP Group, a private real estate investment manager focused on hospitality investments, announced it has originated $104.5 million in construction financing for the development of The Ritz-Carlton Savannah, a 168-key luxury hotel in Savannah’s Historic District.
LCP acted as originator and lead arranger on the transaction, partnering with senior lender Knighthead Funding and subordinate co-lender Siguler Guff & Company. The financing structure includes a combination of historic tax credit equity, bridge financing, senior debt, and subordinate debt to support the redevelopment project.
The hotel is being developed and owned by TMGOC Ventures, a real estate private equity and development firm, and will mark the first Ritz-Carlton property in Savannah. The project involves the adaptive reuse of the historic 15-story “Savannah Skyscraper,” originally built in 1911 as the Savannah Bank & Trust building, along with an adjacent structure.
Upon completion, the property will feature 168 guestrooms, four food and beverage outlets, a rooftop bar with a pool, a fitness center, a full-service spa, and approximately 2,100 square feet of meeting space. The hotel will be operated under The Ritz-Carlton brand, part of Marriott International’s luxury portfolio.
Savannah has seen continued growth in tourism and convention demand, supported by infrastructure investments such as the $276 million expansion of the Savannah Convention Center completed in 2025. The addition of a Ritz-Carlton property is expected to further position the city as a high-end travel destination.
The project is currently under development and is expected to open in the first quarter of 2028.
KEY QUOTES
“The Ritz-Carlton Savannah is a differentiated opportunity to introduce a true luxury offering in a market where new supply at this level is exceptionally constrained. We are especially pleased to partner with TMGOC, whose vision for the asset and proven ability to execute high-quality hospitality developments have been central to advancing this landmark project. Further, we value the opportunity to work alongside like-minded capital partners who share our conviction in both the asset and Savannah’s continued evolution as a luxury destination.”
Francis Lively, Chief Executive Officer, The LCP Group
“The sponsor has the opportunity to create an irreplaceable hospitality asset in downtown Savannah, and we’re excited to support this next chapter in their plans.”
Jonathan Daniel, Knighthead Funding
“Siguler Guff is proud to partner with The LCP Group to finance what we believe will be a transformational, market-defining asset. This investment reflects our core strategy: supporting top-tier sponsors like TMGOC in high-quality, supply-constrained markets such as Savannah’s historic district.”
Adam Domanico, Principal, Siguler Guff & Company
