Key International Expands Into Georgia With Purchase of Hotel for $28 Million

MIAMI, FL--(Marketwired - Mar 5, 2015) - Key International, a Miami-based real estate and investment firm, has closed on the purchase of a Holiday Inn Hotel in the Savannah Historic District for $28 million. Located at 520 West Bryan Street in Savannah, Georgia, Peter Lopez of Stearns Weaver Miller Weissler Alhadeff & Sitterson represented the development firm in the transaction.

The hotel recently underwent an extensive renovation and is now one of the crown jewels of this prominent historic district. Nested in the heart of Savannah, this is one of the most popular travel destinations in the nation thanks to its picturesque riverside scenery, historic homes, cobblestone streets, top restaurants, nightlife and charming boutiques.

The hotel is located one block from Savannah's famous River Street, adjacent to the Ships of the Sea Maritime Museum, and a short walk from the City Market, art galleries and the other historic attractions in the Savannah Historic District.

"Our company is excited about breaking into the Georgia hotel market," said Diego Ardid, Co-President of Key International. "With the Holiday Inn located in such a desirable neighborhood, we are pleased to add this hotel to our growing portfolio."

Key International's hotel holdings include the famed Eden Roc Miami Beach Resort & Spa, the Marriott Stanton South Beach, and a resort property currently undergoing an extensive renovation in St. Augustine Beach, Florida.

For more information on Key International, please visit www.key-international.com or call (305) 377-1001.

About Key International:
Since the 1970s, Key International has acquired and developed much of South Florida's premier real estate including many of the area's most high-profile locations such as the Marriott Stanton South Beach, Eden Roc Miami Beach Resort & Spa, 1010 Brickell, 848 Brickell, 400 Sunny Isles, and Mint. Key International has distinguished itself as one of the area's most renowned developers, bringing an international focus to South Florida. From commercial property in all the right locations, to the most luxurious residential addresses, Key International is at the leading edge of Florida's development community. For more information, call (305) 377-1001, or visit www.Key-International.com.