The Thunderbird Inn 611 W Oglethorpe Ave 42 Room Hotel Savannah, GA 31401 $8,950,000 ($213,095/Room) 9.36% Cap Rate

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.