611 W Oglethorpe Ave - Hospitality FOR SALE


Savannah, GA 31401- Yamacraw Village
$8,950,000 USD
912-461-3226
611 W Oglethorpe Ave, Savannah, GA for Sale
$8,950,000 USD
Hospitality - FOR SALE
1/22
null | 9.36% Cap Rate

611 W Oglethorpe Ave
Savannah, GA 31401
Yamacraw Village


HIGHLIGHTS

  • Top location in Landmark Historic District and adjacent to fast-growing Canal District, poising property for continuing real estate value growth.
  • Consistently outperforms comp set in occupancy and offers excellent potential for increased ADR, RevPAR and overall asset value.
  • Modern comforts blend with retro features, including a period neon sign, prominent mural, EV chargers, enclosed dog run, diner-style lobby, and more.
  • Great mix of King, Double-Queen, and King Jr. Suite rooms, with additional income from pet fees, parking and branded merchandise.
  • Large rooftop solar array that saves thousands of dollars per month in utility costs.
  • Numerous accolades from USA Today, New York Times, Southern Living, and more.

OVERVIEW

Take advantage of this rare opportunity to invest in a downtown Savannah cultural landmark with a strong cap rate, clear operational upside and steadily increasing long term real estate value. The Thunderbird Inn, a 42-room retro-themed boutique hotel--known as “The Hippest Hotel in Savannah”--consistently captures stronger occupancy than its competitive set while currently pricing below market, presenting immediate potential for a new owner to substantially increase ADR, RevPAR, and overall asset value. Originally opened in 1964, the boutique property retains its iconic mid-century character—featuring a vibrant neon sign, Mid-Century Modern architecture, a nostalgic diner-style lobby, and a classic “Welcome to Savannah” mural. Completely restored in 2004 and remodeled again in 2018, the hotel blends vintage Americana charm with modern traveler amenities and has been recognized multiple times by USA Today as one of the nation’s Top 10 Best Roadside Motels. The room mix includes single king, double queen, and king junior suite accommodations, all styled with vintage décor, plush bedding, updated lighting, and renovated bathrooms. The property benefits from budget-friendly rates, historically strong occupancy, and supplemental revenue from parking, pet fees and branded merchandise. Ideally located at 611 West Oglethorpe Avenue on approximately 0.5 acres in Savannah’s Landmark Historic District and adjacent to the new Canal District, the hotel sits within easy walking distance of major attractions, museums, entertainment venues, and restaurants, with nearby bus and trolley access providing convenient transportation throughout the city.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$489 USD /SF

# OF ROOMS

42

PRICE/ROOM

$213,095 {currency}

CAP RATE

9.36%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Thunderbird Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

I-L

APN/PARCEL ID

2001633003

ASK ABOUT THIS PROPERTY

Bill O'BrienThe Thunderbird InnMore Info
912-461-3226

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Bill O'BrienThe Thunderbird InnMore Info
912-461-3226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.