Northwest Hospitality Buys GA Best Western
With RockBridge Capital Financing
SAVANNAH, GA, February 06, 2006. Northwest Hospitality Group, LLC has taken out a $12.5-million first mortgage for its acquisition of the Best Western in Savannah, GA. RockBridge Capital, LLC provided the financing to Northwest Hospitality.
Located at the corner of Martin Luther King Boulevard and Bay Street, the Best Western resides within Savannah's historic district along the River Walk. The 143-room hotel features an outdoor swimming pool and complimentary continental breakfast.
Northwest Hospitality plans on making $850,000 worth of improvements at the property that will primarily involve guest bathrooms and bedrooms. The hotel's previous owners completed a $1.5-million renovation project at the hotel in 2002.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
