Wells Hill was engaged by CSX Corporation to capitalize the development of a major public/private meeting and resort complex on its substantial land holdings on Hutchinson Island, located in the Savannah River across from that city's downtown Historic District. At a time when capital was extremely scarce for to-be-built resort hotel properties, Wells Hill, as part of the project team, raised $98 million from a consortium of institutional and individual investors, in conjunction with approximately $100 million of public funds. By working closely with established lending relationships, the firm was able to create a future-delivery securitized debt product that would appeal to the debt resale markets. This innovative product motivated a foreign securities firm to fund the CSX project on favorable terms.

This now highly successful resort consists of a 403-room, 4-star Westin Hotel, the Greenbrier Spa, an 18-hole championship golf course, and a marina. Aside from offering a full complement of traditional resort amenities, the facility is attached to the new, publicly-funded Savannah Convention Center.

Over time, CSX intends to develop its 300 acres of additional land into single- and multi-family housing and related commercial uses.

CSX has engaged Wells Hill on subsequent assignments.