Both Webb and Goodman recorded it as an instrumental, Goodman's being the bigger hit.
Goodman's 1936 version is written in 32 bar song form with 4 eight bar phrases arranged AABA. The A sections use a Db6, Ab9, Db6, Ddim, Ebm7, Ab7, Db, Db chord sequence. The B section phrases use a Gb9/G9, Gb9, B13/F#m6, B13, E9/F9, E9, A13, Ab9b chord sequence. The tempo is medium fast.
The Webb's orchestra's recording rose to number ten on the charts in 1934. Two years later the piece charted by Ozzie Nelson and by Benny Goodman. Since a jazz "standard", the song has been recorded hundreds of times, including by Judy Garland (1936), Charlie Christian (1941), Art Tatum (1941), Clifford Brown and Max Roach (1954), Ella Fitzgerald and Louis Armstrong (1956), Jim Hall (1957), Ahmad Jamal (1958), Al Hirt (1961), Sarah Vaughan (1964), and Nikki Yanofsky (with Herbie Hancock and will.i.am) (2007).
Savoy, the home of sweet romance, Savoy, it wins you with a glance, Savoy gives happy feet a chance to dance.
Your form, just like a clinging vine, Your lips, so warm and sweet as wine, Your cheeks, so soft and close to mine, divine.
How my heart is singing, While the band is swinging, Never tired of romping, And stomping with you at the savoy. What joy, a perfect holiday, Savoy, where we can glide and sway, Savoy, let me stomp away with you.