North Point Hospitality Breaks Ground on Riverfront Property in Savannah’s Historic District

USA, Savannah, Georgia. August 19, 2022

North Point Hospitality, an Atlanta-based hotel development and management company, has broken ground on its newest hotel, AC Hotel by Marriott Savannah Historic District/Riverfront. The 170-unit hotel will be located on the east end of River Street overlooking the Savannah River.

"We are proud to work with Marriott International to bring this lifestyle brand to the Savannah Riverfront," said S. Jay Patel, President, and CEO of North Point Hospitality. "With more than 20 years of development and operating experience in Savannah, we are confident the AC Hotels brand will add to the rich hotel landscape in the market."

AC Hotel by Marriott Savannah Historic District/Riverfront will feature a rooftop bar and dining experience with panoramic views of the Savannah River and will be open to the public. The ground floor offers MOOD, a market and café space serving specialty coffee, wine and upscale provisions. The amenities throughout the property include over 4,000 square feet of flexible meeting space, valet parking and large fitness center.

"We are excited North Point Hospitality has chosen to bring the AC Hotels brand to Savannah's historic district," said Noah Silverman, Global Development Officer, US & Canada for Marriott International. "The groundbreaking event last week is representative of the continued relationship between Marriott International and North Point Hospitality in bringing lifestyle brands to dynamic markets."

Approximately 250 individuals will be engaged by the general contractor and its subcontractors during peak construction activity. Once stabilized, the hotel will employ more than 100 full-time team members and support staff. The hotel is scheduled to open in the first quarter of 2024. Pre-sale and online reservations will be available in late 2023.

The AC Hotel along with a 316-space parking structure is Phase 2 of the company's planned development, River Street East. River Street East is a mixed-use campus including four hotels with 630 rooms, multiple retail spaces and riverfront dining options with captivating views of the Savannah River, all wholly owned and operated by North Point Hospitality at a total build out cost exceeding $350 million.

AC Hotel & Parking Structure at a Glance:

Total Development Cost: $105 million

Total Number of Guest Rooms: 170

Total Number of Parking Spaces: 316

Estimated Opening Date: Q1 2024

Total Meeting Space Square Footage: 4,238

Meeting space location: Ground floor

Ownership/Management Group: North Point Hospitality

Architect: Gunn Meyerhoff Shay Architects / Lindsay Pope Brayfield

Interior Designer: Design Continuum Inc

General Contractor: Balfour Beatty

Business Contact:

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Traditionally, hotels have employed a room-centric revenue model. The primary focus was on pricing strategies that could generate the most revenue from the sale of rooms. However, the pandemic has forced hoteliers to look beyond room revenue exclusively, and to maximize all available revenue streams. How is this accomplished? By re-imagining the use and function of every square foot of a hotel property, and how revenue is generated from it. For example, some hotels are rethinking their spaces for different uses - offering rooms for private day meetings, or offering suites for private dinners. Other hotels with meeting spaces are moving beyond daytime conferences and events, and figuring out how to book those spaces in the evenings, on holidays and weekends, for such things as exhibitions, workshops, rehearsals and pop-ups. Still other hotels are leasing work spaces or parking spaces to businesses in their local market. The October issue of the Hotel Business Review will report on how some leading hotels are re-inventing their revenue management strategies.