Thayer Accepts Initial Yield Below 4 Percent for San Francisco Ritz

By Jon Peterson [dropcap]A[/dropcap]nnapolis, Md., -based Thayer Lodging Group has acquired The Ritz-Carlton, San Francisco for $479,000 a key, or $161 million. The seller was Bethesda, Md., -based Host Hotels & Resorts Inc. The 336-room property including 60 suites traded at a 3 percent capitalization rate based on the income produced over the previous 12 […]